Vakrangee stock tanks ~16% after disappointing Q1FY19 numbers

Shares of Vakrangee tanked ~16% intraday on the BSE in late trade on Monday morning. The company has reported a poor set of Q1FY19 numbers. The company’s net profit in the quarter declined 92% to Rs13cr as against Rs168cr year-on-year. The company's sales, meanwhile, declined 22.6% to Rs1,011.5cr in the quarter ended June 2018 as against Rs1,301.8cr yoy.

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