India Cements slumped 6.09% to Rs 202.90 at 14:26 IST on BSE after net profit fell 39.88% to Rs 26.44 crore on 21.65% increase in total income to Rs 1466.75 crore in Q1 June 2017 over Q1 June 2016.
The result was announced during market hours today, 28 July 2017.
Meanwhile, the S&P BSE Sensex was down 161.97 points, or 0.51% at 32,218.33. The S&P BSE Mid-Cap index was up 56.59 points, or 0.37% at 15,312.25.
High volumes were witnessed on the counter. On the BSE, 15.98 lakh shares were traded on the counter so far as against the average daily volumes of 5.94 lakh shares in the past one quarter. The stock had hit a high of Rs 218 and a low of Rs 199.20 so far during the day. The stock had hit a 52-week high of Rs 226 on 16 May 2017 and a 52-week low of Rs 104.65 on 21 November 2016.
The stock had underperformed the market over the past one month till 27 July 2017, advancing 14.28% compared with the Sensex's 4.6% rise. The scrip had also outperformed the market over the past one quarter gaining 1.98% as against the Sensex's 7.84% rise. The scrip had also outperformed the market over the past one year advancing 86.41% as against the Sensex's 15.55% rise.
The mid-cap company has equity capital of Rs 308.15 crore. Face value per share is Rs 10.
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India Cements is one of the largest producers of cement in South India.
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