ICRA tumbles after weak Q1 earnings

ICRA fell 5.20% to Rs 3,991 at 10:38 IST on BSE after consolidated net profit fell 24.32% to Rs 16.49 crore on 6.14% rise in total income to Rs 85.95 crore in Q1 June 2015 over Q1 June 2014.

The announcement was made after market hours yesterday, 13 August 2015.

Meanwhile, the BSE Sensex was up 141.99 points, or 0.52%, to 27,691.52.

On BSE, so far 243 shares were traded in the counter, compared with an average volume of 363 shares in the past one quarter.

The stock hit a high of Rs 4,150 and a low of Rs 3,950 so far during the day. The stock hit a record high of Rs 4,992.85 on 10 April 2015. The stock hit a 52-week low of Rs 2,501.55 on 17 November 2014.

The stock had underperformed the market over the past one month till 13 August 2015, falling 1.78% compared with 1.47% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 0.82% as against Sensex's 1.10% rise.

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

ICRA is a full-service credit ratings agency. It is majority held by Moody's Group, which has 50.06% stake in the company.

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