ICRA lost 1.19% to Rs 3033.35 at 14:33 IST on BSE after consolidated net profit surged 32% to Rs 21.80 crore on 17% growth in total income to Rs 80.97 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced after market hours on Monday, 7 July 2014.
Meanwhile, the S&P BSE Sensex was down 323.08 points or 1.24% at 25,777.
On BSE, so far 2,751 shares were traded in the counter as against average daily volume of 3,026 shares in the past two weeks.
The stock was volatile. The stock lost as much as 1.89% at the day's low of Rs 3,030 so far during the day. The stock rose as much as 1.94% at the day's high of Rs 3,130 so far during the day.
The top line was boosted by 18% growth in other income in Q1 June 2014 over Q1 June 2013.
ICRA is an independent and professional investment information and credit rating agency. ICRA is majority-held by Moody's Group, which has 50.06% stake in the company.
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