Thursday, 27 April 2017

KSB Pumps dips nearly 3% on weak Q1 >> SUBSCRIBE NOW FREE

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Shares of KSB Pumps fell nearly 3 per cent on the Bombay Stock Exchange after the company reported a 20.83 percent decline in its standalone net profit at Rs 13.34 crore during the three months ended March 31, 2017, compared to Rs 16.85 crore in the year-ago quarter. Extending previous session losses, shares of the company declined as much as 2.75 per cent to hit an intra-day low of Rs 699.00 apiece on the Bombay Stock Exchange. 

The script was currently trading at Rs 710.00 against the previous close price of Rs 718.80. In a similar fashion, stocks of the company were trading 2.08 per cent lower at Rs 704.90 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 30,101.68, down 31.67 points or 0.11 percent, at 11:40 hour.

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