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Kanoria Chemicals drops after poor Q4 result

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Kanoria Chemicals & Industries lost 8.34% to Rs 39 at 12:44 IST on BSE after net profit fell 19% to Rs 6.66 crore on 28.4% decline in total income to Rs 78.74 crore in Q4 March 2015 over Q4 March 2014.

The result was announced after market hours yesterday, 27 May 2015.

Meanwhile, the S&P BSE Sensex was down 134.18 points or 0.49% at 27,430.48

On BSE, so far 17,003 shares were traded in the counter as against average daily volume of 18,082 shares in the past one quarter.

The stock hit a high of Rs 41.45 and a low of Rs 37.25 so far during the day. The stock had hit a 52-week high of Rs 55 on 4 June 2014. The stock had hit a 52-week low of Rs 30.25 on 16 December 2014.

 

The small-cap company has equity capital of Rs 21.85 crore. Face value per share is Rs 5.

Kanoria Chemicals & Industries is one of the leading manufacturers of chemical intermediates in India.

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First Published: May 28 2015 | 12:45 PM IST

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