Shares of rating agency Crisil today fell by over 4 per cent on profit-booking, a day after witnessing sharp gains following robust first quarter results.
The stock reversed all of its yesterday's gain and ended at Rs 2,063.30, down 4.13 per cent, on BSE. During the day, it lost 5.53 per cent at Rs 2,033.
On NSE, it was down 3.44 per cent at Rs 2,062.35.
Its shares surged 8.5 per cent yesterday.
Crisil has reported a 40 per cent rise in consolidated net profit at Rs 78.6 crore for the first quarter ended March.
The company's net profit stood at Rs 56.32 crore in the same period a year ago.
It follows January-December fiscal calender as against April-March by most Indian companies.
Crisil's total income increased to Rs 368.57 crore for the quarter, from Rs 310.72 crore in the year-ago period, it had said in a BSE filing.
On a stand-alone basis, Crisil's net profit was up 44 per cent at Rs 65.64 crore in the first quarter.
The stand-alone income rose to Rs 267.2 crore during the quarter under review as against Rs 227.3 crore a year ago.
The Crisil board has declared an interim dividend of Rs 5 per share for the financial year ending December 2016.
