Agro Tech Foods declines on profit booking

Agro Tech Foods lost 4.46% to Rs 727.60 at 11:11 IST on BSE, with the stock sliding on profit booking after declaring Q3 December 2017 result.

Meanwhile, the S&P BSE Sensex was up 112.09 points or 0.32% at 34,883.14. The S&P BSE Small-Cap index was down 90.81 points or 0.46% at 19,512.14.

On the BSE, 7,836 shares were traded on the counter so far as against the average daily volumes of 3,139 shares in the past one quarter. The stock had hit a high of Rs 765 and a low of Rs 711.60 so far during the day. The stock had hit a 52-week high of Rs 815 on 16 January 2018 and a 52-week low of Rs 444.25 on 18 January 2017.

The small-cap company has equity capital of Rs 24.37 crore. Face value per share is Rs 10.

Ahead of the Q3 result, shares of Agro Tech Foods had gained 3.4% to settle at Rs 761.60 yesterday, 16 January 2018 from its close of Rs 736.50 on 12 January 2018.

Agro Tech Foods' net profit rose 16.07% to Rs 9.03 crore on 3.17% rise in net sales to Rs 214.39 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours yesterday, 16 January 2018.

Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers. It is affiliated to ConAgra Foods, Inc. of USA, which is one the world's largest food companies.

Powered by Capital Market - Live News