Shilpa Medicare tanks after poor Q1 outcome

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Capital Market
Last Updated : Aug 08 2015 | 12:02 AM IST

Shilpa Medicare tumbled 4.71% to Rs 1,090.50 at 15:20 IST on BSE after consolidated net profit fell 5.97% to Rs 16.05 crore on 6.91% growth in total income from operations (net) to Rs 148.50 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 7 August 2015.

Meanwhile, the S&P BSE Sensex was down 43.55 points or 0.15% at 28,254.58.

On BSE, so far 17,000 shares were traded in the counter as against average daily volume of 3,470 shares in the past one quarter.

The stock hit a high of Rs 1,160.20 and a low of Rs 1,057 so far during the day. The stock had hit a 52-week low of Rs 477 on 18 August 2014. The stock had hit a record high of Rs 1,246.70 on 5 August 2015.

The mid-cap company has equity capital of Rs 7.71 crore. Face value per share is Rs 2.

Shilpa Medicare is engaged in the business of bulk drugs manufacturing.

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First Published: Aug 07 2015 | 3:09 PM IST

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