Pokarna Q2 FY17 net profit at Rs 19 crore

The company reported its net profit increased by 45% to Rs 19 crore in the quarter ended September 2016 as against Rs 13 crore during the previous quarter ended September 2015.

Nov 08, 2016 11:11 IST India Infoline News Service

Pokarna reported its net profit increased by 45% to Rs 19 crore in the quarter ended September 2016 as against Rs 13 crore during the previous quarter ended September 2015.

The sales of the company declined by 2% to Rs 96.5 crore in the quarter ended September 2016 as against Rs 98.6 crore during the previous quarter ended September 2015.

Stock Commentary:

Pokarna Ltd is currently trading at Rs 939.1, down by Rs 5 or 0.53% from its previous closing of Rs 944.1 on the BSE.

The scrip opened at Rs 949.5 and has touched a high and low of Rs 950.05 and Rs 939.1 respectively. So far 1846 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 585.42 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1123 on 09-Nov-2015 and a 52 week low of Rs 660 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 980 and Rs 863 respectively.

The promoters holding in the company stood at 56.67 % while Institutions and Non-Institutions held 1.13 % and 42.21 % respectively.

The stock is currently trading above its 200 DMA.

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