Atul slumps after flat Q2 numbers

Atul fell 9.74% to Rs 1,296.45 at 14:45 IST on BSE after net profit rose 6.36% to Rs 59.07 crore on 12.76% increase in total income to Rs 670.97 crore in Q2 September 2014 over Q2 September 2013.

The result was announced during trading hours today, 17 October 2014.

Meanwhile, the BSE Sensex was up 229.62 points, or 0.88%, to 26,228.96.

On BSE, so far 98,000 shares were traded in the counter, compared with an average volume of 27,635 shares in the past one quarter.

The stock hit a high of Rs 1,482 and a low of Rs 1,233.10 so far during the day. The stock hit a record high of Rs 1,495 on 22 September 2014. The stock hit a 52-week low of Rs 330.15 on 17 October 2013.

The stock had outperformed the market over the past one month till 16 October 2014, rising 8.26% compared with 1.86% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 43.44% as against Sensex's 1.76% rise.

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

Atul has seven businesses, namely, aromatics, bulk chemicals & intermediates, colors, crop protection, floras, pharmaceuticals & intermediates, and polymers.

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