Venkys India board of directors met today to announce the results for Q2FY17 today. Venkys (India) Ltd is in the Agro sector, having a market cap of Rs. 704.37 crores as on December 6th 2016. It has reported the sales of Rs. 644.19 crores and a net profit of Rs. 40.98 crores for the quarter ended June 2016. Post announcement of Q2 results, Venkys share price tanked almost 9% and traded at the intraday low of Rs. 455.60.
An insight to Q2::
Sep 2016 | Jun 2016 | Sep 2015 | |
|---|---|---|---|
| Total Income from Operations | 595.23 | 644.19 | 451.71 |
| Other Income | 9.80 | 8.57 | 8.31 |
| Interest | 20.37 | 21.26 | 21.57 |
| Depreciation | 7.06 | 7.36 | 8.28 |
| Profit before tax | 1.19 | 62.96 | -1.99 |
| Tax | 0.84 | 21.98 | -1.59 |
| Profit After Tax | 0.35 | 40.98 | -0.40 |
| EPS (unadj) | 0.25 | 29.09 | -0.43 |
As the table clearly shows that the company has witnessed a drastic decline in the PAT and EPS quarter on quarter, it has done better on the yearly basis. At 3:30 PM, Venkys share price was trading at Rs. 456.50, down by 8.70%. The stock has opened at Rs. 495 as compared to its previous close of Rs. 500. The stock traded at the intraday high of Rs. 502.70. The stock has gained 0.54% in past one week, has the beta of 0.98 and is trading below its 50 DMA.
The company has the dividend yield of 1%, Debt-Equity ratio 0f 1.78 and the Interest Coverage Ratio of 1.94. The share of face value of Rs. 10 has the book value of Rs. 276.86.
Venky's is a multibagger stock for this quarter as picked by Dynamic Levels. Multibagger stocks have a great potential to grow in the long run. In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Venkys share price history page of Dynamic Levels website.
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