Greaves Cotton lost 3.5 percent to Rs 127.80 at 09:47 IST on BSE after net profit fell 54 percent to Rs 23.74 crore on 15.5 percent decline in total income to Rs 404.70 crore in Q4 March 2015 over Q4 March 2014.
The result was announced after market hours yesterday, 6 May 2015.
Meanwhile, the S&P BSE Sensex was down 22.48 points or 0.08 percent at 26,694.89
On BSE, so far 6,159 shares were traded in the counter as against average daily volume of 20,180 shares in the past one quarter.
The stock hit a high of Rs 132 and a low of Rs 124.10 so far during the day. The stock had hit a 52-week low of Rs 80 on 9 May 2014. The stock had hit a record high of Rs 159.35 on 12 January 2015.
The stock had underperformed the market over the past one month till 6 May 2015, falling 6.46 percent compared with 6.27 percent fall in the Sensex. The scrip, however, outperformed the market in past one quarter, sliding 6.16 percent as against Sensex's 6.97 percent fall.
The mid-cap company has equity capital of Rs 48.84 crore. Face value per share is Rs 2.
Greaves Cotton is a multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and gensets.
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Technical comment for the day: Copper