Alankit lost 2.44% to Rs 47.90 at 9:32 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 63.67 points or 0.19% at 33,615.57.
On the BSE, 61,000 shares were traded on the counter so far as against the average daily volumes of 7.73 lakh shares in the past one quarter. The stock had hit a high of Rs 49 and a low of Rs 46.65 so far during the day. The stock had hit a record high of Rs 50.30 on 24 November 2017 and a 52-week low of Rs 17.35 on 24 March 2017.
Shares of Alankit had rallied 36.01% in the preceding five trading sessions to settle at Rs 49.10 on Friday, 24 November 2017, from its closing of Rs 36.10 on 17 November 2017.
Alankit's net profit surged 251.2% to Rs 5.76 crore on 32.4% growth in total income to Rs 24.65 crore in Q2 September 2017 over Q2 September 2016.
Alankit is engaged in unique identification number (UID) enrollments and smart card data management services.
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