Hikal slumps after poor Q4 outcome

Hikal lost 4.23% to Rs 243.50 at 10:05 IST on BSE after net profit fell 12.41% to Rs 25.34 crore on 26.17% rise in total income to Rs 392.11 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours yesterday, 9 May 2018.

Meanwhile, the S&P BSE Sensex was up 123.48 points, or 0.35%, to 35,442.83

On the BSE, 37,000 shares were traded in the counter so far, compared with an average volume of 27,000 shares in the past two weeks. The stock had hit a high of Rs 254 and a low of Rs 240.75 so far during the day. The stock hit a record high of Rs 265.35 on 23 April 2018. The stock hit a 52-week low of Rs 195 on 6 February 2018.

 

The small-cap company has an equity capital of Rs 16.44 crore. Face value per share is Rs 2.

Hikal's board of directors has approved a 1:2 bonus issue of shares. The announcement was made after market hours yesterday, 9 May 2018.

Hikal is engaged in research and development (R&D), manufacturing and marketing of fine chemicals for the pharmaceutical and agrochemical industries.

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