Shanthi Gears fell 6.56% to Rs 42.70 at 10:24 IST on BSE, after net profit tumbled 78% to Rs 2.68 crore in Q2 September 2009 over Q2 September 2008.
Meanwhile, the BSE Sensex was down 88.04 points, or 0.55%, to 15,808.24.
On BSE, 12,411 shares were traded in the counter as against an average daily volume of 1.54 lakh shares in the past one quarter.
The stock hit a high of Rs 44.95 and a low of Rs 42 so far during the day. The stock had hit a 52-week high of Rs 59.50 on 2 June 2009 and a 52-week low of Rs 24.05 on 6 March 2009.
The stock has fallen 16.21% in six trading sessions from a recent high of Rs 51.20 on 23 October 2009.
The small-cap stock had outperformed the market over the past one month till 30 October 2009, rising 0.99% as compared to the Sensex's 7.18% fall. It had also outperformed the market in the past one quarter, rising 20.74% as compared to the Sensex's return of 3.30%.
The company's equity capital is Rs 8.17 crore. Face value per share is Rs 1.
The current price of Rs 42.70 discounts the company's Q2 September 2009 annualized EPS of Rs 1.31, by a PE multiple of 32.60.
Shanthi Gears' net sales dropped 55.2% to Rs 29.40 crore in Q2 September 2009 over Q2 September 2008. The company announced the results on Saturday, 31 October 2009.
Shanthi Gears manufactures a wide range of power transmission products, including gears, gearboxes, geared motors and gear assemblies both standard and custom-made. It has been in the business of designing, manufacturing and supplying various kinds of gears to almost all industries and applications.