Nagarjuna Agrichem declines after weak Q1 results

Nagarjuna Agrichem lost 4.45% to Rs 35.40 at 11:46 IST on BSE after net profit fell 12.2% to Rs 1.80 crore on 3.8% growth in net sales to Rs 162.75 crore in Q1 June 2017 over Q1 June 2016.

The result was announced on Saturday, 5 August 2017.

Meanwhile, the S&P BSE Sensex was down 3.33 points or 0.01% at 32,322.08. The S&P Small-Cap index rose 0.88% at 16,066.24.

On the BSE, 30,000 shares were traded on the counter so far as against the average daily volumes of 54,619 shares in the past one quarter. The stock had hit a high of Rs 37 and a low of Rs 33.65 so far during the day. The stock had hit a record high of Rs 39.90 on 13 July 2017 and a 52-week low of Rs 16.40 on 28 November 2016.

The stock had outperformed the market over the past one month till 4 August 2017, advancing 16.51% compared with the Sensex's 3.57% rise. The stock had also outperformed the market over the past one quarter, gaining 36.21% as against the Sensex's 7.3% rise. The scrip had also outperformed the market over the past one year, advancing 78.99% as against the Sensex's 16.64% rise.

The small-cap company has equity capital of Rs 15.61 crore. Face value per share is Rs 1.

Nagarjuna Agrichem is engaged in the business of agri inputs.

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