Foseco India slips on reporting 14% fall in Q1 net profit

27 Apr 2017

Foseco India is currently trading at Rs 1360.00, down by 60.65 points or 4.27% from its previous closing of Rs. 1420.65 on the BSE.

The scrip opened at Rs 1399.50 and has touched a high and low of Rs 1405.00 and Rs 1360.00 respectively. So far 793 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1570.00 on 20-Oct-2016 and a 52 week low of Rs 1233.00 on 22-Dec-2016.

Last one week high and low of the scrip stood at Rs 1477.00 and Rs 1350.00 respectively. The current market cap of the company is Rs 868.56 crore.

The promoters holding in the company stood at 74.98%, while Institutions and Non-Institutions held 0.14% and 24.88% respectively.

Foseco India has reported 14.22% fall in its net profit at Rs 7.20 crore for the quarter ended March 31, 2017 as compared to Rs 8.39 crore for the same quarter in the previous year. However, total income of the company increased by 11.87% to Rs 88.64 crore for the quarter under review from Rs 79.24 crore for the quarter ended March 31, 2016.

Foseco India is a manufacturer of foundry chemicals and fluxes. The Company operates through metallurgical products and services segment. The Company operates factories in Sanaswadi, Pune, and Puducherry, India. The Company's product technology includes coating, metal filtration, feeding systems, flow control, metal treatment, binders and crucibles.

Related Foseco India Ltd. Links:

Foseco India Share Price

1322.70 -11.05 (-0.83%) Nov 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
Tata Chemicals 639.10
Pidilite Inds. 1317.10
Aarti Inds 805.85
Atul 4038.65
Jubilant LifeScience 492.30
View more..
Sensex vs Foseco India
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463