Sequent Scientific tanks 17% on weak Q4; stock down 70% from 52-wk high

The company said the macro environment continues to be challenging due to volatility in costs and disruptions across supply chains.

Shares of Sequent Scientific tanked 17 per cent to hit a fresh 52-week low of Rs 101.45 on the BSE in Thursday’s trade on the back of heavy volumes after the company's consolidated profit after tax (PAT) more-than-halved to Rs 9 crore in the March quarter (Q4FY22).

At 11:19 am; the stock was trading 13 per cent lower at Rs 106.15, as compared to a 0.38 per cent decline in the Sensex. The trading volumes on the counter had doubled with a combined 4.8 million equity shares having changed hands on the NSE and BSE. Moreover, the scrip has