Polson drops on profit booking

Polson lost 3.65% to Rs 16,746.90 on BSE on profit booking after gaining 15.55% in the preceding six trading sessions to settle at Rs 17,382 yesterday, 9 April 2018, from its close of Rs 15,042.70 on 28 March 2018.

Meanwhile, the S&P BSE Sensex was up 91.71 points, or 0.27% to 33,880.25.

On the BSE, 125 shares were traded in the counter, compared with average daily volumes of 109 shares in the past two weeks. The stock had hit a high of Rs 17,600 and a low of Rs 16,523 during the day. The stock hit a record high of Rs 26,336.55 on 17 January 2018. The stock hit a 52-week low of Rs 9,997.30 on 31 October 2017.

The small-cap company has equity capital of Rs 0.60 crore. Face value per share is Rs 50.

Polson's net profit fell 28.43% to Rs 1.41 crore on 9.44% fall in total income to Rs 26.28 crore in Q3 December 2017 over Q3 December 2016.

Polson is Asia's largest manufacturer and exporter of natural based vegetable tannin extracts and Eco-friendly leather chemicals.

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