Agro Tech Foods drops after poor Q2 result

Agro Tech Foods lost 3.72% to Rs 595.50 at 12:25 IST on BSE after net profit fell 35.6% to Rs 5.13 crore on 1.2% rise in total income to Rs 199.57 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours on Friday, 16 October 2015.

Meanwhile, the S&P BSE Sensex was up 102.62 points or 0.38% at 27,317.22

On BSE, so far 2,934 shares were traded in the counter as against average daily volume of 3,337 shares in the past one quarter.

The stock hit a high of Rs 610 and a low of Rs 592.50 so far during the day. The stock had hit a 52-week high of Rs 714.40 on 19 January 2015. The stock had hit a 52-week low of Rs 509.90 on 2 January 2015.

The stock had underperformed the market over the past one month till 16 October 2015, rising 3.08% compared with 4.82% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 1.27% as against Sensex's 4.33% decline.

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.

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