Venky's (India) spurts as PAT growth more than doubles in Q4

Venky's (India) was locked at 5% upper circuit at Rs 1,219.40 at 14:26 IST on BSE after net profit surged 106.58% to Rs 41.71 crore on 4% growth in total income to Rs 625.91 crore in Q4 March 2017 over Q4 March 2016.

The result was announced during market hours today, 22 May 2017.

Meanwhile, the S&P BSE Sensex was up 100.21 points or 0.33% at 30,565.13. The S&P BSE Small-Cap index was down 94.40 points or 0.62% at 15,132.67.

On the BSE, 16,000 shares were traded on the counter so far as against the average daily volumes of 26,651 shares in the past one quarter. The stock had hit a high of Rs 1,219.40 and a low of Rs 1,172 so far during the day.

 

The stock had hit a record high of Rs 1,378 on 24 April 2017 and a 52-week low of Rs 377.05 on 6 June 2016. It had underperformed the market over the past one month till 19 May 2017, sliding 6.67% compared with the Sensex's 3.85% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 41.02% as against the Sensex's 7.01% rise.

The small-cap company has equity capital of Rs 14.09 crore. Face value per share is Rs 10.

Venky's (India)'s board at its meeting held today, 22 May 2017, recommended a dividend of Rs 6 per share for the year ended March 2017.

Venky's (India) is an integrated poultry firm.

Powered by Capital Market - Live News