Falling net profit drags Amrutanjan stock by 6%

Amrutanjan Healthcare ended 6.25% lower at Rs. 425.80 on BSE after the company said that its net profit for the quarter ended March 31, 2016 declined 20% to Rs. 4.71 crore as against Rs. 5.87 crore in the same period a year ago.

May 09, 2016 04:05 IST India Infoline News Service

Amrutanjan Healthcare ended 6.25% lower at Rs. 425.80 on BSE after the company said that its net profit for the quarter ended March 31, 2016 declined 20% to Rs. 4.71 crore as against Rs. 5.87 crore in the same period a year ago.

The scrip opened at Rs. 449.5 and touched a high and low of Rs. 449.5 and Rs. 422 respectively. A total of 72596(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 663.83 crore.

The BSE group 'B' stock of face value Rs. 2 touched a 52 week high of Rs. 544.9 on 19-Nov-2015 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. 473 and Rs. 423 respectively.

The promoters holding in the company stood at 50.46 % while Institutions and Non-Institutions held 2.25 % and 47.29 % respectively.

The stock traded above its 200 DMA.

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