IFB Agro Industries tanked 12.43% to Rs 342.50 at 10:20 IST on BSE after net profit declined 86.2% to Rs 1.25 crore on 11.5% growth in net sales to Rs 137.75 crore in Q3 December 2014 over Q3 December 2013.
The Q3 result was announced after market hours yesterday, 21 January 2015.
Meanwhile, the S&P BSE Sensex was up 138.25 points or 0.48% at 29,027.11.
On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 15,633 shares in the past one quarter.
The stock hit a high of Rs 365.05 and a low of Rs 333 so far during the day. The stock had hit a 52-week low of Rs 148 on 7 April 2014. The stock had hit a record high of Rs 520.60 on 18 November 2014.
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The stock had outperformed the market over the past one month till 21 January 2015, advancing 10.56% compared with the Sensex's 5.54% rise. The scrip had also outperformed the market in past one quarter, jumping 35.4% as against Sensex's 8.7% rise.
The small-cap company has equity capital of Rs 9.37 crore. Face value per share is Rs 10.
IFB Agro Industries is engaged in the business of manufacturing alcohol, bottling of branded alcoholic beverages as well as processed and packed marine foods both for domestic & export markets.
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