Trending stocks: Sanghvi Movers shares down 3%

NEW DELHI: Shares of Sanghvi Movers Ltd. traded 3.2 per cent down in Friday 's trade at 10:41 am.

Around 11556 shares changed hands on the counter. The stock opened at Rs 53.9 and touched an intraday high and low of Rs 53.9 and Rs 49.8 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 142.4 and a 52-week low of Rs 47.15 .


ICRA has retained company's long-term rating at A-, but revised outlook to Negative from Stable.


Financials

Sanghvi Movers Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 232.02 Crore) operating in Industrial Equipment sector.

For the quarter ended 31-12-2019, the company has reported a Standalone sales of Rs 83.01 Crore, up 2.75 % from last quarter Sales of Rs 80.79 Crore and up 24.86 % from last year same quarter Sales of Rs 66.48 Crore Company has reported net profit after tax of Rs -1.11 Crore in latest quarter.

Sanghvi Movers Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 279.70 Crore to Sales Value (99.04 % of Total Sales), Power Generation which contributed Rs 1.82 Crore to Sales Value (0.64 % of Total Sales) and Other Operating Revenue which contributed Rs .88 Crore to Sales Value (0.31 % of Total Sales)for the year ending 31-Mar-2019.

Promoters holding
Promoters held 47.102764 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 83.0072 crore and net profit of Rs -1.1086 crore.

Valuation ratio
It quoted a price-to-earnings ratio of -7.74 and price to book value of 0.31 .