Sandesh stocks drop by 1.99% after 12.24% dip in PAT

Sandesh Ltd's net profit after tax for the quarter ended September 30, 2016 was Rs 17.13 crore, while it was Rs 19.35 crore for the same quarter in 2015, witnessing a dip of 12.24%.

Dec 14, 2016 09:12 IST India Infoline News Service

Sandesh Ltd is currently trading at Rs 943, down by Rs 19.1 or 1.99% from its previous closing of Rs 962.1 on the BSE.

The net profit after tax for the quarter ended September 30, 2016 was Rs 17.13 crore, while it was Rs 19.35 crore for the same quarter in 2015, witnessing a dip of 12.24%.

The total income from operations for the quarter ended September 30, 2016 was Rs 90.87 crore, while it was Rs 90.07 crore for the same quarter in 2015, registering hike of less than 1%.

The scrip opened at Rs 950 and has touched a high and low of Rs 950 and Rs 899 respectively. So far 6404(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 728.31 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1080 on 06-Oct-2016 and a 52 week low of Rs 655 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 976.95 and Rs 880 respectively.

The promoters holding in the company stood at 74.81 % while Institutions and Non-Institutions held 0.01 % and 25.17 % respectively.

The stock is currently trading below its 50 DMA.

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