Granules India rises 2.6%; Q3 net profit up 15%

The company reported a consolidated net profit of Rs. 27.15 crore for the quarter ended December 31, 2015, growing 15.22% yoy.

Granules India Ltd stock was up by 2.6% at Rs. 116. The company reported consolidated net profit of Rs. 27.15 crore for the quarter ended December 31, 2015, registering growth of 15.22% yoy.

The company’s standalone sales during the quarter were Rs. 317 crore. 

The scrip opened at Rs. 113.15 and has touched a high and low of Rs. 117.25 and Rs. 112.2 respectively. So far 705839 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2368.87 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.45 on 01-Dec-2015 and a 52 week low of Rs. 75.2 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 124.3 and Rs. 112 respectively.

The promoters holding in the company stood at 48.43 % while Institutions and Non-Institutions held 8.27% and 43.3% respectively.

The stock is currently trading above its 50 DMA.