KSE halts rally on profit booking

KSE lost 3.47% to Rs 2,750 at 14:58 IST on BSE on profit booking after surging 27.34% in the preceding five trading sessions to settle at Rs 2,848.80 on 23 March 2018, from its close of Rs 2,237.10 on 16 March 2018.

Meanwhile, the BSE Sensex was up 409.22 points, or 1.26%, to 33,005.76. The S&P BSE Small-Cap index was up 128.76 points or 0.77% at 16,929.94

On the BSE, 1,899 shares were traded on the counter so far as against the average daily volumes of 3,398 shares in the past two weeks. The stock had hit a record high high of Rs 2,980 in intraday trade today, 26 March 2018. The stock hit a low of Rs 2,710 so far during the day. The stock had hit a 52-week low of Rs 762 on 24 March 2017.

The small-cap company has an equity capital of Rs 3.20 crore. Face value per share is Rs 10.

KSE's net profit jumped 287.55% to Rs 21.16 crore on 27.48% rise in net sales to Rs 351.43 crore in Q3 December 2017 over Q3 December 2016.

KSE is engaged in the production of cattle feed, solvent extracted coconut oil, rice bran oil, de-oiled and oiled coconut cakes and other oil cakes.

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