Kaveri Seed Company reports 70% drop in Q3FY17 net profit
Kaveri Seed Company has reported results for third quarter ended December 31, 2016.
The company has reported 69.76% fall in its net profit at Rs 3.55 crore for the quarter under review as compared to Rs 11.74 crore for the same quarter in the previous year. However, total income of the company increased by 7.99% at Rs 77.95 crore for the quarter under review as compared to Rs 72.18 crore for the corresponding quarter previous year.
Kaveri Seed Company, one of the leading seed companies of the country, is engaged in production, processing and marketing of seeds to farmers. It provides seeds for different crops like corn, sunflower, cotton, paddy, and grain sorghum.
Technical Levels For KSCL
Support at 450 and Resistance at 480
Break and sustain below 450 will see downside panic till 438---415 else could touch its resistance level of 480
Fresh buying can be initiated above 480.00
More will update soon!!
