Kerala Ayurveda hits upper circuit as Porinju Veliyath buys shares
ETMarkets.com|
Updated: Oct 05, 2017, 03.56 PM IST
Shares of Kerala Ayurveda hit upper circuit in Thursday’s trade after stock picker Porinju Veliyath-led Equity Intelligence India bought 1,40,000 shares of the company at Rs 72.95 on Wednesday.
The scrip settled 4.93 per cent up at Rs 73.55 on Thursday.
On the BSE, 3.17 lakh shares were traded in the counter on Thursday, compared with average daily volumes of 4,148 shares in the past one quarter.
The stock had hit 52-week high of Rs 122.80 on March 6, 2017 and 52-week low of Rs 56 on November 18, 2016.
For the quarter ended June 30, 2017, the company reported net sales of Rs 8.73 crore, up 4 per cent, against Rs 8.39 crore in the corresponding quarter last year. Net profit of the company declined 41 per cent year-on-year to Rs 0.43 crore during the quarter under review. It had reported net profit of Rs 0.73 crore in the corresponding quarter last year.
Kerala Ayurveda Limited is engaged in the business of providing ayurvedic services and products. It provides healing and wellness solutions.
The scrip settled 4.93 per cent up at Rs 73.55 on Thursday.
On the BSE, 3.17 lakh shares were traded in the counter on Thursday, compared with average daily volumes of 4,148 shares in the past one quarter.
The stock had hit 52-week high of Rs 122.80 on March 6, 2017 and 52-week low of Rs 56 on November 18, 2016.
For the quarter ended June 30, 2017, the company reported net sales of Rs 8.73 crore, up 4 per cent, against Rs 8.39 crore in the corresponding quarter last year. Net profit of the company declined 41 per cent year-on-year to Rs 0.43 crore during the quarter under review. It had reported net profit of Rs 0.73 crore in the corresponding quarter last year.
Kerala Ayurveda Limited is engaged in the business of providing ayurvedic services and products. It provides healing and wellness solutions.
