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The announcement was made on Saturday, 25 February 2017.
Meanwhile, the BSE Sensex was up 49.32 points, or 0.17%, to 28,942.29.
On the BSE, 80 shares were traded in the counter so far, compared with an average volume of 4,626 shares in the past two weeks. The stock had hit a high of Rs 184 and a low of Rs 181.50 so far during the day. The stock had hit a 52-week high of Rs 235.30 on 26 October 2016. The stock had hit a 52-week low of Rs 146 on 20 March 2016.
The stock had underperformed the market over the past one month till 23 February 2017, advancing 3.87% compared with the Sensex's 6.55% rise. The scrip had also underperformed the market over the past one quarter, gaining 10.09% as against the Sensex's 10.91% rise.
The small-cap company has equity capital of Rs 29.84 crore. Face value per share is Rs 10.
Kothari Products' net profit fell 25.3% to Rs 10.68 crore on 14.7% rise in net sales to Rs 1098.64 crore in Q3 December 2016 over Q3 December 2015.
Kothari Products, a flagship company of Kothari Group was incorporated on 17th September 1983 and has presence in real estate, investments and international trading of exports & imports.
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