Atul slips after weak Q1 numbers

Atul fell 3.98% to Rs 2,294 at 14:24 IST on BSE after net profit fell 57.25% to Rs 34.43 crore on 2.15% increase in total income to Rs 694.50 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 21 July 2017.

Meanwhile, the S&P BSE Sensex was up 22.70 points, or 0.07% at 31,927.10. The S&P BSE Mid-Cap index was down 15.06 points, or 0.1% at 15,164.21.

On the BSE, 6,450 shares were traded on the counter so far as against the average daily volumes of 8,419 shares in the past one quarter. The stock had hit a high of Rs 2,408.55 and a low of Rs 2,275 so far during the day. The stock had hit a record high of Rs 2,588 on 16 May 2017 and a 52-week low of Rs 1,885 on 10 August 2016.

The stock had underperformed the market over the past one month till 20 July 2017, declining 3.41% compared with the Sensex's 1.94% rise. The scrip had also underperformed the market over the past one quarter sliding 1.52% as against the Sensex's 8.44% rise. The scrip had also underperformed the market over the past one year advancing 11.14% as against the Sensex's 14.29% rise.

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

Atul is an integrated chemical company. The company operates through two segments: life science chemicals, and performance and other chemicals.

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