Castex Technologies falls on profit booking

Castex Technologies fell 0.77% to Rs 219.10 at 12:52 IST on BSE, with the stock declining on profit booking after surging 28% in prior seven trading days.

Meanwhile, the BSE Sensex was down 468.16 points, or 1.69%, to 27,342.36

On BSE, so far 23,322 shares were traded in the counter, compared with an average volume of 3.98 lakh shares in the past one quarter.

The stock hit a high of Rs 221.05 and a low of Rs 213 so far during the day. The stock hit a record high of Rs 221.70 on 26 June 2015. The stock hit a 52-week low of Rs 40.70 on 23 March 2015.

The stock had outperformed the market over the past one month till 26 June 2015, rising 31.9% compared with 1.02% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 333.79% as against Sensex's 1.29% rise.

The mid-cap company has equity capital of Rs 60.87 crore. Face value per share is Rs 2.

Shares of Castex Technologies were on a roll recently, surging 28% in seven trading days to Rs 220.80 on 26 June 2015 from a recent low of Rs 172.50 on 17 June 2015.

Castex Technologies' net profit dropped 94.6% to Rs 3.38 crore on 1.7% growth in net sales to Rs 716.70 crore in the Q2 March 2015 over Q2 March 2014.

Castex Technologies (formerly known as Amtek India) is a leading provider of iron cast automotive components in India.

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