Atul lost 5.97% to Rs 419 at 14:43 IST on BSE after net profit surged 133.83% to Rs 65.24 crore on 31.08% growth in total income from operations to Rs 592 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced during trading hours today, 24 January 2014.
Meanwhile, the S&P BSE Sensex was down 214.05 points or 1% at 21,159.61.
On BSE, so far 1 lakh shares were traded in the counter as against average daily volume of 18,000 shares in the past two weeks.
The stock was volatile. The stock lost as much as 6.36% at the day's low of Rs 417.25 so far during the day. The stock rose as much as 4.35% at the day's high of Rs 465 so far during the day.
The bottom line in Q3 December 2013 was boosted by a one-time special dividend of Rs 19.86 crore received from a company, prior to its proposed merger with another company.
Atul has seven businesses, namely, aromatics, bulk chemicals & intermediates, colors, crop protection, floras, pharmaceuticals & intermediates, and polymers.
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