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Marico Kaya drops on profit booking

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Capital Market

Marico Kaya Enterprises lost 2.38% to Rs 2,012.25 at 11:10 IST on BSE, with the stock declining on profit booking after surging 36.16% in prior four trading sessions.

Meanwhile, the BSE Sensex was up 46.21 points, or 0.16%, to 28,753.96

On BSE, so far 22,303 shares were traded in the counter, compared with an average volume of 46,471 shares in the past one quarter.

The stock hit a high of Rs 2,113.25 and a low of Rs 1,990 so far during the day. The stock scaled a record high of Rs 2,143.75 yesterday, 8 April 2015. The stock hit a record low of Rs 214.40 on 3 July 2014.

 

The stock had outperformed the market over the past one month till 8 April 2015, rising 50.6% compared with 2.52% decline in the Sensex. The scrip had also outperformed the market in past one quarter, surging 77.71% as against Sensex's 5.25% rise.

The small-cap company has an equity capital of Rs 12.90 crore. Face value per share is Rs 10.

Shares of Marico Kaya Enterprises were on a roll recently, surging 36.16% in four trading days to Rs 2,070.75 yesterday, 8 April 2015 from a recent low of Rs 1,520.75 on 31 March 2015.

On a consolidated basis, Marico Kaya Enterprises reported a net profit of Rs 12.08 crore in Q3 December 2014 compared with net profit of Rs 12.64 crore in Q2 September 2014. Net sales rose 1.65% to Rs 85.42 crore in Q3 December 2014 over Q2 September 2014.

Marico Kaya Enterprises owns the specialized skin care business of Kaya (erstwhile a subsidiary of Marico).

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First Published: Apr 09 2015 | 11:14 AM IST

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