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RSWM tumbles on dismal Q2 numbers

Capital Market/ 11:29 , Nov 03, 2011

RSWM slipped 6.82% at Rs 84 at 11:27 IST on BSE after the company reported net loss of Rs 10.93 crore in Q2 September 2011 as against net profit of Rs 20.35 crore in Q2 September 2010.

The result was announced after market hours on Wednesday, 2 November 2011.

Meanwhile, the BSE Sensex was down 119.37 points, or 0.68%, to 17,345.48.

On BSE, 10,144 shares were traded in the counter as against an average daily volume of 6,467 shares in the past one quarter.

The stock hit a high of Rs 88.75 and a low of Rs 83.55 so far during the day. The stock had hit a 52-week low of Rs 82.05 on 3 October 2011. The stock had hit a 52-week high of Rs 204 on 12 November 2010.

The stock had outperformed the market over the past one month until 2 November 2011, gaining 6.37% compared with the Sensex's 6.15% rise. The scrip had underperformed the market in past one quarter, falling 18.67% as against 3.56% decline in the Sensex.

The small-cap textile company has an equity capital of Rs 23.15 crore. Face value per share is Rs 10.

Net sales rose 15.07% to Rs 514.27 crore in Q2 September 2011 over Q2 September 2010.

RSWM is a textile manufacturer, primarily producing synthetic, blended, mélange, cotton & speciality yarn, fabric and denim.

 



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