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Siyaram Silk Mills drops after reporting muted growth in Q2 net profit

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Capital Market

Siyaram Silk Mills lost 2.42% to Rs 1,195.05 at 14:01 IST on BSE after net profit rose 6.06% to Rs 26.79 crore on 7.46% increase in total income to Rs 427.37 crore in Q2 September 2016 over Q2 September 2015.

The result was announced on Saturday, 19 November 2016.

Meanwhile, the S&P BSE Sensex was down 394.41 points or 1.51% at 25,755.83

On BSE, so far 958 shares were traded in the counter as against average daily volume of 2,272 shares in the past one quarter. The stock hit a high of Rs 1,240 and a low of Rs 1,187.05 so far during the day. The stock had hit a 52-week low of Rs 911.50 on 19 November 2015. The stock had hit a 52-week high of Rs 1,690 on 1 November 2016.

 

The small-cap company has equity capital of Rs 9.37 crore. Face value per share is Rs 10.

Siyaram Silk Mills manufactures and markets textiles, cotton, woollen synthetics and synthetic blends. The company is known for its polyester blended worsted fabrics.

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First Published: Nov 21 2016 | 1:57 PM IST

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