Business Standard

Sintex drops 1.5% even as Q4 net rises

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BS Reporter Mumbai

The stock touched a low of Rs 154 and finally ended down 1.5% at Rs 155. A total of 641,273 shares have been traded on the BSE today.
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(Updated at 1046 hrs)

Sintex Industries has surged in early trades backed by a 21% rise in Q4 net profit.

The stock opened up 2% at Rs 160, and surged to a high of Rs 171. The stock is now up 4.5% at Rs 164. Around 250,181 shares have changed hands at the counter so far.

The company's profit has surged 21% to Rs 114 crore in the quarter ended March 31, 2009 from Rs 94.60 crore for the same quarter last year. Total income has slumped 10% from Rs 959.80 crore for Q4FY08 to Rs 866.10 crore for Q4FY09.

 

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First Published: May 11 2009 | 4:32 PM IST

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