Venky's (India) declines on profit booking

Venky's (India) lost 1.68% to Rs 2,255.20 at 12:46 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 156.96 points, or 0.5% at 31,402.52. The S&P BSE Mid-Cap index was up 77.61 points, or 0.52% at 14,978.58.

On the BSE, 2.84 lakh shares were traded on the counter so far as against the average daily volumes of 26,671 shares in the past one quarter. The stock had hit a high of Rs 2,479.95 so far during the day, which is also its record high. The stock hit a low of Rs 2,148.85 so far during the day. The stock had hit a 52-week low of Rs 397.25 on 22 November 2016.

The stock had outperformed the market over the past one month till 5 July 2017, advancing 84.29% compared with the Sensex's 0.2% fall. The scrip had also outperformed the market over the past one quarter advancing 104.48% as against the Sensex's 4.24% rise. The scrip had also outperformed the market over the past one year advancing 360.14% as against the Sensex's 15.01% rise.

The mid-cap company has equity capital of Rs 14.09 crore. Face value per share is Rs 10.

Shares of Venky's (India) had rallied 61.54% in the preceding six trading sessions to settle at Rs 2,293.80 yesterday, 5 July 2017, from its close of Rs 1,420 on 27 June 2017.

Venky's (India)'s net profit surged 106.6% to Rs 41.71 crore on 4.2% increase in net sales to Rs 619.03 crore in Q4 March 2017 over Q4 March 2016.

Venky's (India) is an integrated poultry firm.

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