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V-Guard industries surges despite reporting 46% fall in Q1 net profit

01 Aug 2017 Evaluate

V-Guard Industries is currently trading at Rs. 181.15, up by 3.65 points or 2.06% from its previous closing of Rs. 177.50 on the BSE.

The scrip opened at Rs. 179.15 and has touched a high and low of Rs. 182.90 and Rs. 178.00 respectively. So far 183163 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 220.75 on 16-May-2017 and a 52 week low of Rs. 109.24 on 28-Dec-2016.

Last one week high and low of the scrip stood at Rs. 197.60 and Rs. 173.80 respectively. The current market cap of the company is Rs. 7690.49 crore.

The promoters holding in the company stood at 65.17%, while Institutions and Non-Institutions held 21.79% and 13.05% respectively.

The company has reported a fall of 45.96% in its net profit at Rs 23.25 crore for for first quarter ended June 30, 2017 as compared to Rs 43.02 crore for the same quarter in the previous year. However, total income of the company increased marginally by 1.46% at Rs 572.23 crore for Q1FY18 as compared Rs 564.02 crore for the corresponding quarter previous year.

V-Guard industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.

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