Aarti Industries fell 2.09% to Rs 51.45 at 11:02 IST on BSE, after net profit declined 14% to Rs 20.03 crore on 30.8% rise in net sales to Rs 352.76 crore in Q1 June 2010 over Q1 June 2009.
The company declared its results after market hours on Tuesday, 10 August 2010.
Meanwhile, the BSE Sensex was down 8.77 points, or 0.05% at 18,211.22.
On BSE, 59,168 shares were traded in the counter as against an average daily volume of 58,079 shares in the past one quarter.
The stock hit a high of Rs 52.65 and a low of Rs 50.75 so far during the day. The stock had hit a 52-week high of Rs 56.80 on 23 September 2009 and a 52-week low of Rs 38.60 on 20 August 2009.
The small-cap stock had underperformed the market over the past one month till 10 August 2010, rising 0.86% as compared to the Sensex’s return of 2.17%. It had outperformed the market in the past one quarter, gaining 10.52% as compared to the Sensex’s return of 5.13%.
The company has an equity capital of Rs 38.36 crore. Face value per share is Rs 5.
The profitability of the company was affected due to 44.81% surge in raw materials cost to Rs 178.55 crore in Q1 June 2010 over Q1 June 2009.