Atul drops on profit taking after Q4 results

Atul fell 1.96% to Rs 1,796.15 at 15:20 IST on BSE, with the stock sliding on profit taking after net profit rose 39.56% to Rs 62.61 crore on 2.58% growth in total income to Rs 636.46 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 29 April 2016.

Meanwhile, the S&P BSE Sensex was down 6.52 points or 0.03% at 25,596.58.

On BSE, so far 33,000 shares were traded in the counter as against average daily volume of 3,866 shares in the past one quarter. The stock hit a high of Rs 1,894.95 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,787 so far during the day. The stock had hit a 52-week low of Rs 1,083.35 on 15 June 2015.

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

Shares of Atul had risen 4.38% in the preceding four trading sessions to settle at Rs 1,832 yesterday, 28 April 2016, from its close of Rs 1,755 on 25 April 2016.

Atul's bottom line during the quarter was boosted by a sharp surge in other income or non-operational income. Other income galloped 1036% to Rs 15.57 crore in Q4 March 2016 over Q4 March 2015.

Atul is an integrated chemical company serving customers belonging to various industries across the world.

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