Usha Martin is down deep in the red, with the volumes rising over 2.25 times, down over 6.5% at Rs.28.95. Its 52-week low is at Rs.20.30.

The stock is down after the company posted a dismal set of numbers for Q3FY14. On a consolidated basis, net profit halved to Rs.15.43 crore, down from Rs.30.41 crore in Q3FY13. Net sales went up from Rs.889 crore to Rs.965 crore (YoY).