Anant Raj drops after weak Q1 outcome

Anant Raj lost 2.74% to Rs 56.80 at 14:21 IST on BSE after net profit fell 8.3% to Rs 12.33 crore on 1.8% growth in net sales to Rs 73.62 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 35.78 points or 0.13% at 28,408.01.

On BSE, so far 2.07 lakh shares were traded in the counter as against average daily volume of 4.45 lakh shares in the past one quarter. The stock hit a high of Rs 58.35 and a low of Rs 56.45 so far during the day. The stock had hit a 52-week low of Rs 27.55 on 26 February 2016. The stock had hit a 52-week high of Rs 65.30 on 21 July 2016. The stock had outperformed the market over the past one month till 14 September 2016, advancing 1.13% compared with 0.78% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 18.58% as against Sensex's 7.49% rise.

The small-cap company has equity capital of Rs 59.02 crore. Face value per share is Rs 2.

Anant Raj Group is one of the leading construction and infrastructure developers in North India.

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