Atul drops after poor Q3 results

Atul fell 2.78% to Rs 1,343.45 at 14:06 IST on BSE after net profit declined 17.67% to Rs 53.71 crore on 3.12% growth in total income to Rs 630.98 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced during market hours today, 23 January 2015.

Meanwhile, the S&P BSE Sensex was up 276.57 points or 0.95% at 29,282.59.

On BSE, so far 31,000 shares were traded in the counter as against average daily volume of 15,237 shares in the past one quarter.

The stock hit a high of Rs 1,410 and a low of Rs 1,304.80 so far during the day. The stock had hit a record high of Rs 1,514 on 15 January 2015. The stock had hit a 52-week low of Rs 395.10 on 4 February 2014.

The stock had underperformed the market over the past one month till 22 January 2015, advancing 3.51% compared with Sensex's 4.71% rise. The scrip had also underperformed the market in past one quarter, jumping 8% as against Sensex's 8.28% rise.

The mid-cap firm has equity capital of Rs 29.66 crore. Face value per share is Rs 10.

Atul is an integrated chemical company serving about 4,000 customers belonging to 27 industries across the world.

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