Kwality hits lower circuit; nosedives 20%




For the quarter ended June 30, 2017, the dairy firm in August posted a 34.06 per cent drop in net profit at Rs 27.87 crore. NSEBSEKwality Dairy (India…Loading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES Shares of Kwality witnessed a sudden fall in Monday’s afternoon trade and hit lower circuit limit of 20 per cent. The scrip settled 19.99 per cent down at Rs 114.25.

    On the BSE, 4.55 lakh shares were traded on the counter so far as against the average daily volumes of 1.68 lakh shares in the past two weeks.

    The stock had hit a 52-week high of Rs 169.05 on April 20, 2017 and 52-week low of Rs 112.40 on November 22, 2016.

    For the quarter ended June 30, 2017, the dairy firm in August posted a 34.06 per cent drop in net profit at Rs 27.87 crore against Rs 42.27 crore in the same quarter of last year. The net profit took a beating as the company’s expenses including finance cost rose to Rs 1,536.96 crore in the April-June period of the current fiscal from Rs 1,418.92 crore in the year-ago period.




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