Amrutanjan Health Care declares 2nd interim dividend

Amrutanjan Health Care has declared 2nd interim dividend of Rs 1.10 per share for the financial year 2016-17.

Feb 09, 2017 03:02 IST India Infoline News Service

Analyzing Market Algorithms
Amrutanjan Health Care has declared 2nd interim dividend of Rs 1.10 per share for the financial year 2016-17.
The stock of the company is trading in green, and in the last one year it has given a return of 47.95%, outperforming the Small-cap index and the Healthcare index. The stock is trading with a P/E of 39.36.
Sundaram Mutual Fund is the top fund house which has invested in the stock.
Amrutanjan Health Care is engaged in the manufacture of a wide range of ayurvedic and allopathic products.

Stock view:

Amrutanjan Health Care Ltd is currently trading at Rs 608.35, up by Rs 0.4 or 0.07% from its previous closing of Rs 607.95 on the BSE.
The scrip opened at Rs 610 and has touched a high and low of Rs 640.05 and Rs 608 respectively. So far 44913(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 888.54 crore.
The BSE group 'B' stock of face value Rs 2 has touched a 52 week high of Rs 662 on 20-Oct-2016 and a 52 week low of Rs 376.6 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 643.95 and Rs 600.7 respectively.
The promoters holding in the company stood at 50.09 % while Institutions and Non-Institutions held 2.78 % and 47.13 % respectively.
The stock is currently trading above its 50 DMA.

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