/ Ways2Capital : LG Balakrishnan Plunges By More Than 6%, Post Its Dissapointing Quarterly Result ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 7 February 2017

LG Balakrishnan & Bros Ltd., has tumbled to Rs 555 per share, down by Rs 35.60 per share or 6.02% after the announcement of its quarterly results ended on December 31, 2016, on Tuesday. Following are the excerpts from the financial results for the quarter ended on December 31, 2016:

The Q3 EBITDA margin is reported at 12.2% vs 12.1% (YoY). The net profits are down by 9.7% at Rs 13.9 cr vs Rs 15.4 cr (YoY). The total income was up by 0.2% at Rs 284 cr vs Rs 283.4 cr (YoY).
The EBITDA is up by 1.5% at Rs 34.8 cr vs Rs 34.3 cr (YoY).

L.G. Balakrishnan & Bros Limited is a transport company, engaged in the business of manufacturing chains, sprockets and metal formed parts for automotive applications.

L G Balakrishnan & Bros Ltd is currently trading at Rs 570.6, down by Rs 22.85 or 3.85% from its previous closing of Rs 593.45 on the BSE.

The scrip opened at Rs 595 and has touched a high and low of Rs 598.9 and Rs 560 respectively. So far 54518(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 931.49 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 728.8 on 26-Oct-2016 and a 52 week low of Rs 396.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 610 and Rs 560 respectively.

The promoters holding in the company stood at 47.42 % while Institutions and Non-Institutions held 15.01 % and 37.57 % respectively. The stock is currently trading below its 100 DMA.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717