Hot Pursuit     31-Jan-17
Sicagen India drops after weak Q3 results
Sicagen India lost 5.77% to Rs 25.30 at 10:56 IST on BSE after the company reported consolidated net loss of Rs 1.46 crore in Q3 December 2016, compared with net profit of Rs 2.96 crore in Q3 December 2015.
The result was announced after market hours yesterday, 30 January 2017.

Meanwhile, the S&P BSE Sensex was down 124.16 points or 0.45% at 27,725.40.

On the BSE, 9,450 shares were traded on the counter so far as against the average daily volumes of 25,784 shares in the past one quarter. The stock had hit a high of Rs 26.30 and a low of Rs 25.30 so far during the day.

The stock had hit a 52-week high of Rs 30.70 on 1 November 2016 and a 52-week low of Rs 14.30 on 12 February 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 9.15% compared with the Sensex's 4.59% rise. The scrip had, however, underperformed the market over the past one quarter, sliding 5.29% as against the Sensex's 0.29% fall.

The small-cap company has equity capital of Rs 39.57 crore. Face value per share is Rs 10.

Sicagen India's consolidated net sales rose 30.3% to Rs 189.85 crore in Q3 December 2016 over Q3 December 2015.

Sicagen India is engaged in trading of building materials.

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