Agro Tech Foods declined 3.25% to Rs 462 at 13:55 IST on BSE after net profit dropped 50.48% to Rs 7.22 crore on 5.54% rise in net total income from operations to Rs 197.94 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 26 April 2016.Meanwhile, the S&P BSE Sensex was up 35.75 points or 0.14% at 26,043.05.
On BSE, so far 609 shares were traded in the counter as against average daily volume of 823 shares in the past one quarter. The stock hit a high of Rs 474.70 and a low of Rs 461 so far during the day. The stock had hit a 52-week high of Rs 650 on 19 August 2015. The stock had hit a 52-week low of Rs 445.30 on 17 February 2016. The stock had underperformed the market over the past one month till 26 April 2016, rising 1.83% compared with Sensex's 2.64% rise. The scrip had also underperformed the market in past one quarter, dropping 1.55% as against Sensex's 6.21% rise.
The mid-cap company has equity capital of Rs 24.37 crore. Face value per share is Rs 10.
Agro Tech Foods said that the board of directors of the company have recommended dividend of Rs 2 per share for the year ended 31 March 2016 (FY 2016).
Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers and institutional customers.
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