Heritage Foods fell 4.49% to Rs 290.35 at 10:43 IST on BSE after consolidated net profit fell 63.9% to Rs 5.30 crore on 16.2% increase in net sales to Rs 496.80 crore in Q1 June 2014 over Q1 June 2013.
The result was announced after market hours on Wednesday, 30 July 2014.
Meanwhile, the BSE Sensex was up 1.81 points, or 0.01%, to 26,089.23.
On BSE, so far 6,260 shares were traded in the counter, compared with an average volume of 16,589 shares in the past one quarter.
The stock hit a high of Rs 295 and a low of Rs 286.40 so far during the day. The stock hit a record high of Rs 364 on 23 May 2014. The stock hit a 52-week low of Rs 169 on 11 December 2013.
The stock had underperformed the market over the past one month till 30 July 2014, rising 0.71% compared with 2.65% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 5.17% as against Sensex's 16.37% rise.
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The small-cap company has an equity capital of Rs 23.20 crore. Face value per share is Rs 10.
The Heritage Group has five-business divisions viz., dairy, retail, agri, bakery and renewable energy, under its flagship company Heritage Foods.
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