Sintex Industries plunges 5.3%; Q3 net profit rises 11%

The company said its consolidated net sales rose 12 % YoY to Rs. 2,049.71 crore from Rs. 1,832.86 crore in the year-ago quarter.

Sintex Industries slipped 5.3% to Rs.95.60 on BSE. The company has posted an increase in its net profit at Rs. 1,800.97 mn for the quarter ended December 31, 2015 as compared to Rs. 1,620.38 mn for the quarter ended December 31, 2014.

During the quarter under review,  total income has increased from Rs. 18,447.72 mn for the quarter ended December 31, 2014 to Rs. 20,577.26 mn for the quarter ended December 31, 2015. The company said its consolidated net sales rose 12 % YoY to Rs. 2,049.71 crore from Rs. 1,832.86 crore in the year-ago quarter. 

The scrip opened at Rs. 97 and has touched a high and low of Rs. 97 and Rs. 93.7 respectively. So far 2802731(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4510.16 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 136.4 on 13-Mar-2015 and a 52 week low of Rs. 80.15 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 105 and Rs. 99.3 respectively.

The promoters holding in the company stood at 32.46 % while Institutions and Non-Institutions held 25.26 % and 42.29 % respectively.

The stock is currently trading above its 200 DMA.