Asahi Songwon Colors tumbled 8.04% to Rs 124.60 at 15:23 IST on BSE after net profit rose 76.44% to Rs 4.27 crore on 37.14% decline in total income from operations (net) to Rs 51.73 crore in Q4 March 2015 over Q4 March 2014.
The Q4 result was announced during market hours today, 19 May 2015.
Meanwhile, the S&P BSE Sensex was down 66.02 points or 0.24% at 27,621.28.
On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 8,329 shares in the past one quarter.
The stock was volatile. The stock tumbled as much as 9.52% at the day's low of Rs 122.60 so far during the day. The stock rose as much as 3.32% at the day's high of Rs 140 so far during the day.
Asahi Songwon Colors' bottom line in Q4 March 2014 was pulled down by an extra-ordinary expense of Rs 2.27 crore.
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Asahi Songwon Colors is in the business of manufacturing pigments.
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