/ Foseco India Tanks By 4% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 27 April 2017

The stock of Foseco India, a leading supplier of metallurgical chemicals for the ferrous and non-ferrous foundry industry, fell almost by 4% in Thursday’s trading session on BSE. The stock saw a spurt in volume by more than 1.36 times.

The stock did not experience much of trading activity post-lunch hours. The stock hit a high of Rs 1405, and a low of Rs 1360 so far during the day. The market capitalisation of the company is Rs 868.88 crore. Meanwhile, the BSE Sensex is trading at 30124, down by 9 points & NSE Nifty is trading at 9360, up by 9 points.

The net profit of the company declined 14.18% to Rs 7.20 crore in the quarter ended March 31, 2017, as against Rs 8.39 crore in the quarter ended March 31, 2016, as per BSE filing.

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