Johnson Controls-Hitachi Air Conditioning drops on profit booking

Johnson Controls-Hitachi Air Conditioning India lost 1.75% to Rs 2,575 at 11:34 IST on BSE on profit booking after gaining sharply in the preceding six trading sessions.

Meanwhile, the S&P BSE Sensex was up 80.95 points, or 0.25%, to 32,587.67. The S&P Mid-Cap index was up 46.24 points, or 0.29%, to 16,194.21

On BSE, so far 2,982 shares were traded in the counter, compared with an average volume of 4,876 shares in the past one quarter. The stock hit a high of Rs 2,676.90 and a low of Rs 2,568.75 so far during the day. The stock hit a record high of Rs 2,775 on 18 October 2017. The stock hit a 52-week low of Rs 1,157 on 15 November 2016.

The stock had outperformed the market over the past one month till 23 October 2017, rising 36.03% compared with 1.83% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 31.38% as against Sensex's 0.86% rise. The scrip also outperformed the market in past one year, surging 68.54% as against Sensex's 15.36% rise.

The mid-cap company has an equity capital of Rs 27.19 crore. Face value per share is Rs 10.

Shares of Johnson Controls-Hitachi Air Conditioning India had gained 29.56% in the preceding six trading sessions to settle at Rs 2,620.90 yesterday, 23 October 2017, from its close of Rs 2,022.85 on 12 October 2017.

Johnson Controls-Hitachi Air Conditioning India's net profit dropped 10.77% to Rs 61.63 crore on 6.06% rise in total income to Rs 865.67 crore in Q1 June 2017 over Q1 June 2016.

Johnson Controls-Hitachi Air Conditioning India (formerly known as Hitachi Home & Life Solutions (India)) manufactures a wide range of products, from room air-conditioners (Split & Window ACs) to commercial air-conditioners including Chiller, Ductable air-conditioners, Telecom Air conditioners & VRF system. The company also undertakes complete projects in HVAC category.

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