Sequent Scientific share price: Trending stocks: Sequent Scientific shares up nearly 1%

Sequent Scientific share price: Trending stocks: Sequent Scientific shares up nearly 1%

NEW DELHI: Shares of Sequent Scientific Ltd. traded 0.52 per cent up in Thursday’s trade at 11:08AM (IST). Around 26,886 shares changed hands on the counter.

The stock opened at Rs 86.9 and touched an intraday high and low of Rs 88.45 and Rs 86.2, respectively, in the session so far. The stock of Sequent Scientific Ltd. quoted a 52-week high of Rs 99.35 and a 52-week low of Rs 52.0.

Total market cap of the Sequent Scientific Ltd. stood at Rs 2143.44 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 300.58 crore for the quarter ended 31-Mar-2020, down 5.01 per cent from previous quarter’s Rs 316.42 crore and down 6.63 per cent from the year-ago quarter’s Rs 281.9 crore.

The net profit for latest quarter stood at Rs 16.855 crore, down 1.57 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2020, domestic institutional investors held 3.79 per cent stake in the firm, while foreign institutional investors held 8.55 per cent and the promoters 56.15 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 30.66 and a price-to-book ratio of 2.72. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Sequent Scientific Ltd. belongs to the Pharma – Indian industry.

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