Adlabs Entertainment corrects on profit booking

Adlabs Entertainment fell 4.19% to Rs 107.50 at 12:45 IST on BSE on profit booking after a recent rally.

Meanwhile, the BSE Sensex was up 85.50 points, or 0.30%, to 28,379.78.

On BSE, so far 4.78 lakh shares were traded in the counter, compared with average daily volume of 1.35 lakh shares in the past one quarter. The stock hit a high of Rs 112.80 and a low of Rs 106.10 so far during the day. The stock hit a 52-week high of Rs 145.40 on 31 December 2015. The stock hit a record low of Rs 68 on 29 February 2016. The stock had outperformed the market over the past 30 days till 26 September 2016, rising 43.57% compared with 1.84% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 48.22% as against Sensex's 6.67% rise.

The small-cap company has equity capital of Rs 79.90 crore. Face value per share is Rs 10.

Shares of Adlabs Entertainment rose 45.71% in four trading sessions to settle at Rs 112.20 yesterday, 26 September 2016, from its close of Rs 77 on 20 September 2016.

Adlabs Entertainment reported net loss of Rs 19.23 crore in Q1 June 2016, higher than net loss of Rs 15.52 crore in Q1 June 2015. Net sales rose 7.3% to Rs 83.10 crore in Q1 June 2016 over Q1 June 2015.

Adlabs Entertainment operates the Imagica theme park located at Khalapur, off the Mumbai-Pune express highway.

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