Mcleod Russel India corrects on profit booking

Mcleod Russel India fell 2.84% to Rs 219.15 at 11:35 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was up 53.59 points, or 0.16% to 33,672.18.

On the BSE, 68,000 shares were traded in the counter so far, compared with average daily volumes of 44,988 shares in the past one quarter. The stock had hit a high of Rs 228.70 and a low of Rs 218.50 so far during the day. The stock hit a 52-week high of Rs 231 on 28 November 2017. The stock hit a 52-week low of Rs 137.15 on 26 December 2016.

 

Shares of Mcleod Russel India rose 15.99% in three trading sessions to settle at Rs 225.55 yesterday, 28 November 2017, from its close of Rs 194.45 on 23 November 2017.

Net profit of Mcleod Russel India rose 8.7% to Rs 143.52 crore on 0.7% decline in net sales to Rs 468.63 crore in Q2 September 2017 over Q2 September 2016.

Mcleod Russel India is engaged in manufacturing of tea

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