Meghmani Organics slumped 4.92% to Rs 37.65 at 15:07 IST on BSE after consolidated net profit fell 19.51% to Rs 28.63 crore on 2.07% growth in total income to Rs 385.59 crore in Q4 March 2017 over Q4 March 2016.
The result was announced during market hours today, 22 May 2017.Meanwhile, the S&P BSE Sensex was up 114.23 points or 0.37% at 30,579.15. The S&P BSE Small-Cap index was down 153.79 points or 1.01% at 15,073.28.
On the BSE, 5.89 lakh shares were traded on the counter so far as against the average daily volumes of 3.04 lakh shares in the past one quarter. The stock had hit a high of Rs 41.50 and a low of Rs 37.25 so far during the day.
The stock had hit a 52-week high of Rs 52.40 on 10 October 2016 and a 52-week low of Rs 34.10 on 22 November 2016. It had underperformed the market over the past one month till 19 May 2017, sliding 1.25% compared with the Sensex's 3.85% rise. The scrip had also underperformed the market over the past one quarter, declining 5.94% as against the Sensex's 7.01% rise.
The small-cap company has equity capital of Rs 25.43 crore. Face value per share is Rs 1.
Meghmani Organics is a manufacturer of pigments and agrochemicals. The company specializes in the manufacture of green and blue pigment products that span multiple applications. The company also produces a broad spectrum of commonly used pesticides for crop and non-crop applications.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
