CCL Products (India) fell 5.92% to Rs 314.50 at 14:42 IST on BSE after consolidated net profit fell 3.8% to Rs 35.27 crore on 12.3% increase in net sales to Rs 296.97 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 22 May 2017.
Meanwhile, the S&P BSE Sensex was down 119.06 points, or 0.39% at 30,451.91. The S&P BSE Mid-Cap index was down 159.37 points, 1.1%, at 14,307.73.
High volumes were witnessed on the counter. On the BSE, 17,000 shares were traded on the counter so far as against the average the daily volumes of 8,144 shares in the past one quarter. The stock had hit a high of Rs 330 and a low of Rs 304.20 so far during the day.
The stock had hit a record high of Rs 371.80 on 2 March 2017 and hit a 52-week low of Rs 217.65 on 23 May 2016. The stock had underperformed the market over the past one month till 22 May 2017, declining 4.1% compared with the Sensex's 4.11% rise. The scrip had also underperformed the market over the past one quarter advancing 2.33% as against the Sensex's 5.91% rise.
The mid-cap company has equity capital of Rs 26.61 crore. Face value per share is Rs 2.
CCL Products (India)'s board recommended a dividend of Rs 2.50 per share for the year ended March 2017.
CCL Products (India) is engaged in the manufacturing of instant coffee. The company operates through the coffee and coffee related products segment.
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