Kwality share price hits fresh 52-week low; slips another 16%

After falling over 25 per cent in the past five trading sessions, shares of Kwality extended their fall for the sixth consecutive trading session on Tuesday. NSEBSEKwality Dairy (India…Loading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES NEW DELHI: After falling over 25 per cent in the past five trading sessions, shares of Kwality extended their fall for the sixth consecutive trading session on Tuesday.

    The scrip plunged as much as 16 per cent to its fresh 52-week low of Rs 95.50 in early trade. However, Kwality wiped off its initial losses and was trading 6.87 per cent down at Rs 106.40 around 9.25 am (IST).

    On the BSE, 8.97 lakh shares were traded on the counter so far as against the average daily volumes of 1.98 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 95.50 in today’s trading session.

    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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