The stock had dipped 1.62% at the day’s down of Rs.94.10 before the company declared the acceptance of sanction during trading hours.
In the meantime, the BSE was high with 266.49 points.
3lakh shares have been traded on BSE in the counter. The stock saw a standard everyday volume of 5.79lakh shares in the last single quarter.
The stock got an up of Rs.97.30 and a down of Rs.94.10 till now. The stock saw a 52-week up of Rs.268.90 on 10th July last year and a 52-week down of Rs.56.50 on 12th March.
The stock had fallen 30% as opposed to the BSE’s 1.45% decline. It had also increased 24.87% as opposed to the BSE’s profit of 41.64%.
The present price of Rs.96.35 slashes the company’s Quarter 4 March annualized EPS of Rs.15.02 by a PE manifold of 6.41.
Orchid Chemicals & Pharmaceuticals’ net earnings rushed 66.9% on 49.4% decline in net sales to Rs.191.79crore in Quarter 4 March over Quarter 4 March last year.