Kiri Industries lost 3.62% to Rs 560.10 at 11:17 IST on BSE, with the stock extending losses after announcing Q2 September 2017 results.
Meanwhile, the S&P BSE Sensex was down 47.21 points or 0.14% at 33,677.23.
On the BSE, 95,000 shares were traded on the counter so far as against the average daily volumes of 1.61 lakh shares in the past one quarter. The stock had hit a high of Rs 577.95 and a low of Rs 544 so far during the day. The stock had hit a 52-week high of Rs 624 on 3 November 2017 and a 52-week low of Rs 227.05 on 11 August 2017.
Shares of Kiri Industries have fallen 5.35% in two trading sessions to its ruling market price, from its closing of Rs 591.80 on 24 November 2017, after the company announced Q2 September 2017 results at the fag end of trading session yesterday, 27 November 2017. The stock had fallen 1.8% to settle at Rs 581.15 yesterday, 27 November 2017.
On a consolidated basis, Kiri Industries' net profit rose 7.6% to Rs 92.61 crore on 3.8% decline in net sales to Rs 268.09 crore in Q2 September 2017 over Q2 September 2016.
Kiri Industries is engaged in manufacturing dyes, intermediaries and basic chemicals.
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