Manpasand Beverages drops on profit booking

Manpasand Beverages fell 1.72% to Rs 775.25 at 14:52 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 294.10 points, or 0.95% at 31,215.71. The S&P BSE Mid-Cap index was up 139.45 points, or 0.95% at 14,783.93.

On the BSE, 5,460 shares were traded on the counter so far as against the average daily volumes of 13,860 shares in the past one quarter. The stock had hit a high of Rs 782.20 and a low of Rs 772.15 so far during the day. The stock had hit a record high of Rs 885.90 on 29 May 2017 and a 52-week low of Rs 506.75 on 26 December 2016.

The stock had underperformed the market over the past one month till 30 June 2017, declining 1.27% compared with the Sensex's 0.76% fall. The scrip had, however, outperformed the market over the past one quarter advancing 8.48% as against the Sensex's 4.3% rise. The scrip had also outperformed the market over the past one year advancing 42.65% as against the Sensex's 14.53% rise.

The mid-cap company has equity capital of Rs 57.22 crore. Face value per share is Rs 10.

Shares of Manpasand Beverages had rallied 5.17% in the preceding two trading sessions to settle at Rs 788.85 on Friday, 30 June 2017, from its close of Rs 750.05 on 28 June 2017.

Manpasand Beverages' net profit rose 22.5% to Rs 31.34 crore on 32.9% increase in net sales to Rs 267.19 crore in Q4 March 2017 over Q4 March 2016.

Manpasand Beverages is a fruit drink manufacturer focusing on mango. Mango-based fruit drink, Mango Sip, is the flagship brand of the company, which is strategically aimed at customers in semi urban and rural markets.

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