Agro Tech Foods drops after muted growth in Q3 earnings

Agro Tech Foods lost 3.28% to Rs 540.25 at 10:19 IST on BSE after net profit rose 0.2% to Rs 13.08 crore on 10.4% decline in net sales to Rs 197.06 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Wednesday, 15 January 2014.

Meanwhile, the S&P BSE Sensex was down 36.02 points or 0.17% at 21,253.47.

On BSE, so far 599 shares were traded in the counter as against average daily volume of 5,484 shares in the past one quarter.

The stock hit a high of Rs 555 and a low of Rs 540 so far during the day. The stock had hit a 52-week high of Rs 605 on 7 January 2014. The stock had hit a 52-week low of Rs 425 on 12 April 2013.

The stock had outperformed the market over the past one month till 15 January 2014, jumping 9.85% compared with the Sensex's 2.77% rise. The scrip had also outperformed the market in past one quarter, surging 9.2% as against Sensex's 3.61% rise.

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

Agro Tech Foods is engaged in the business of marketing food and food ingredients to consumers and institutional customers.

Powered by Capital Market - Live News