Ujaas Energy lost 5.93% to Rs 23 at 12:47 IST on BSE after net profit rose 1.9% to Rs 7.40 crore on 8.1% growth in net sales to Rs 106.87 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours on Monday, 14 August 2017.
Meanwhile, the S&P BSE Sensex was up 137.59 points or 0.44% at 31,586.62. The S&P BSE Small-Cap index rose 138.07 points or 0.9% at 15,547.27.
On the BSE, 1.53 lakh shares were traded on the counter so far as against the average daily volumes of 1.63 lakh shares in the past one quarter. The stock had hit a high of Rs 25.40 and a low of Rs 23 so far during the day. The stock had hit a record high of Rs 52.25 on 16 December 2016 and a 52-week low of Rs 19.40 on 29 September 2016.
The stock had underperformed the market over the past one month till 14 August 2017, sliding 8.26% compared with the Sensex’s 1.79% fall. The stock had also underperformed the market over the past one quarter, declining 33.38% as against the Sensex’s 4.18% rise. The scrip had also underperformed the market over the past one year, advancing 3.38% as against the Sensex’s 11.71% rise.
The small-cap company has equity capital of Rs 20 crore. Face value per share is Rs 1.
Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system.