Foseco India tanks by 4%

The stock of Foseco India, a leading supplier of metallurgical chemicals for the ferrous and non-ferrous foundry industry, fell almost by 4% in Thursday’s trading session on BSE. The stock saw a spurt in volume by more than 1.36 times.

Apr 27, 2017 03:04 IST India Infoline News Service

The stock of Foseco India, a leading supplier of metallurgical chemicals for the ferrous and non-ferrous foundry industry, fell almost by 4% in Thursday’s trading session on BSE. The stock saw a spurt in volume by more than 1.36 times.
 
The stock did not experience much of trading activity post-lunch hours.
 
The stock hit a high of Rs 1405, and a low of Rs 1360 so far during the day. The market capitalisation of the company is Rs 868.88 crore.
 
Meanwhile, the BSE Sensex is trading at 30124, down by 9 points & NSE Nifty is trading at 9360, up by 9 points.
 
The net profit of the company declined 14.18% to Rs 7.20 crore in the quarter ended March 31, 2017, as against Rs 8.39 crore in the quarter ended March 31, 2016, as per BSE filing.


Stock View:
 
Foseco India Ltd is currently trading at Rs 1355, down by Rs 65.65 or 4.62% from its previous closing of Rs 1420.65 on the BSE.
 
The scrip opened at Rs 1399.5 and has touched a high and low of Rs 1405 and Rs 1355 respectively. So far 4789(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 907.8 crore.
 
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1570 on 20-Oct-2016 and a 52 week low of Rs 1233 on 22-Dec-2016. Last one week high and low of the scrip stood at Rs 1477 and Rs 1350 respectively.
 
The promoters holding in the company stood at 74.98 % while Institutions and Non-Institutions held 0.14 % and 24.88 % respectively.
 
The stock is currently trading above its 200 DMA.

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