Ramky Infra drops on profit taking

Ramky Infrastructure lost 3.66% to Rs 102.80 at 12:52 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 98.29 points or 0.33% at 29,420.45. The BSE Small-Cap index was down 65.67 points or 0.47% at 13,989.32.

On the BSE, 2.99 lakh shares were traded on the counter so far as against the average daily volumes of 23,085 shares in the past one quarter. The stock had hit a high of Rs 112.80 so far during the day, which is a 52-week high. The stock hit a low of Rs 102 so far during the day.

The stock had hit a 52-week low of Rs 51.80 on 18 November 2016. The stock had outperformed the market over the past one month till 20 March 2017, advancing 24% compared with the Sensex's 2.99% rise. The scrip had also outperformed the market over the past one quarter, rising 67.37% as against the Sensex's 12.2% rise.

The small-cap company has equity capital of Rs 57.20 crore. Face value per share is Rs 10.

Shares of Ramky Infrastructure had rallied 33.13% in the preceding four trading sessions to settle at Rs 106.70, from its closing of Rs 80.15 on 14 March 2017.

Ramky Infrastructure reported net profit of Rs 27.63 crore in Q3 December 2016 as against net loss of Rs 10.43 crore in Q3 December 2015. Net sales rose 9.2% to Rs 373.25 crore in Q3 December 2016 over Q3 December 2015.

Ramky Infrastructure is an integrated construction, infrastructure development and management company in India.

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