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Apr 22, 2013, 10.50 AM IST | Source: Moneycontrol.com

After 7 days rally, Autoline slips 4% on profit booking

Autoline Industries dropped more than four percent on profit booking on Monday after rising quite sharply in previous seven consecutive sessions.

Autoline Industries dropped more than four percent on profit booking on Monday after rising quite sharply in previous seven consecutive sessions.

Even the stock rallied 9.5 percent in early trade, but the profit booking dragged the stock lower.

The share shot up nearly 68 percent in previous seven sessions.

With reference to the increase in stock price, Autoline Industries sent a note to BSE, wherein it clarified that at present there is no such information or event having bearing on the price of the shares. "The company has been carrying on its normal business activities."

At 10:37 hours IST, shares fell 4.18 percent to Rs 117 on Bombay Stock Exchange.

The share touched its 52-week high Rs 211.80 and 52-week low Rs 60.05 on 08 September, 2012 and 28 March, 2013, respectively. 

Market capitalisation of the company currently stands at Rs 143.32 crore.

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