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Sintex Industries tumbles after weak Q3 outcome

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Capital Market

Sintex Industries fell 7.61% to Rs 82.60 at 15:01 IST on BSE after consolidated net profit fell 38.90% to Rs 110.81 crore on 0.32% increase in total income to Rs 2096.64 crore in Q3 December 2016 over Q3 December 2015.

The result was announced during trading hours today, 20 January 2017.

Meanwhile, the BSE Sensex was down 251.51 points, or 0.92%, to 27,057.09.

On the BSE, so far 14.76 lakh shares were traded in the counter, compared with average daily volumes of 5.64 lakh shares in the past one quarter. The stock had hit a high of Rs 90 and a low of Rs 81.95 so far during the day.

 

The stock hit a 52-week high of Rs 91.80 on 30 October 2016. The stock hit a 52-week low of Rs 62.36 on 12 February 2016.

Sintex Industries makes a range of building materials and composites at its 16 plants in India. The company also makes men's shirting in premium fashion category.

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First Published: Jan 20 2017 | 2:53 PM IST

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