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Agro Tech FY09 net up 28%, stock plunges 10%

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BS Reporter Mumbai

The stock slipped to a low of Rs 126, down 17% from the day's high. It finally settled down 10.5% at Rs 127. Around 113,356 shares changed hands at the counter on the BSE today.
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(Updated at 1310 hrs)

Agro Tech Foods today opened at Rs 144. It touched a high of Rs 152 and a low of Rs 131.

The stock is currently trading at Rs 133, down over 6%. Around 92,976 shares were traded on the BSE so far.

Agro Tech Foods today reported a growth rate of 28% to Rs 20.85 crore in its consolidated net profit during the financial year ended March 31.

 

The company had a consolidated net profit of Rs 16.25 crore during FY08, Agro Tech said in a filing to the BSE.

However, consolidated net sales of the company during the year fell to Rs 779.84 crore from Rs 1,010.65 crore of FY08.

Agro Tech Foods has declared a dividend of 10% to its investors for the financial year 2008-2009.

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First Published: May 26 2009 | 4:16 PM IST

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