Alankit shares drop 3.14%

New Delhi: Shares of Alankit traded 3.14 per cent down in Friday's trade at 02:15 pm. Around 97,948 shares changed hands on the counter. The stock opened at Rs 9.85 and touched an intraday high and low of Rs 9.9 and Rs 9.1, respectively, in the session so far.

The company on Wednesday proposed to acquire 14 lakh equity shares of Alankit Imaginations for Rs 47.30 per share.

The stock quoted a 52-week high of Rs 40.7 and a 52-week low of Rs 9.1.


Financials
Alankit, incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 136.52 crore) operating in the Financial Services sector.

The company reported net profit after tax of Rs 4.57 crore for the quarter ended 31 December, 2019. For the same quarter, the company has reported Consolidated sales of Rs 32.92 crore, down 33.09 per cent from last quarter Sales of Rs 49.20 crore and down 3.08 per cent from last year same quarter Sales of Rs 33.97 crore.

Alankit key products/revenue segments include other services which contributed Rs 95.26 crore to sales value (91.21 per cent of total sales) and traded goods which contributed Rs 9.17 crore to sales value (8.78 per cent of total sales)for the year ending 31-Mar-2018.

Promoters holding
Promoters held 69.67077 per cent stake in the company as of Dec 2019.

Valuation ratios
It quoted a price-to-earnings ratio of 8.04 and price to book value of 1.74.