Linc Pen & Plastics drops after dismal Q2 outcome

Linc Pen & Plastics lost 4.09% to Rs 339.60 at 10:54 IST on BSE after net profit dropped 61% to Rs 1.62 crore on 6.4% fall in total income to Rs 78.69 crore in Q2 September 2017 over Q2 September 2016.

The announcement was made after market hours yesterday, 14 December 2017.

Meanwhile, the S&P BSE Sensex was up 257.41 points, or 0.77%, to 33,504.11. The S&P BSE Small-Cap index was up 215.12 points, or 1.2%, to 18,138.57.

On the BSE, 14,000 shares were traded in the counter so far as against an average daily volume of 6,038 shares in the past one quarter. The stock had hit a high of Rs 352.80 and a low of Rs 335 so far during the day. The stock had scaled a record high of Rs 381.80 on 12 December 2017. The stock had hit a 52-week low of Rs 220 on 28 September 2017.

The stock rose 47.63% over the past one month till 14 December 2017, outperforming the Sensex's 0.93% rise. The scrip had also outperformed the market in past one quarter, gaining 50.78% as against Sensex's 3.12% rise. The scrip had also outperformed the market in past one year, jumping 50.68% as against Sensex's 24.97% rise.

The small-cap company has an equity capital of Rs 14.79 crore. Face value per share is Rs 10.

Linc Pen & Plastics is a leading writing instrument brand. The company has manufacturing units in Serakol and Falta, with a daily capacity of more than 2 million units. It has an exclusive license to distribute and market Uniball products.

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