Fairfield Atlas plans delisting, stock off day's high

Fairfield Atlas shares came off day's high after hitting a new 52-week high of Rs 208 in early trade Tuesday due to delisting news.

Gear manufacturer has planned to delist its equity shares from the Bombay Stock Exchange. The company set an indicative floor price at almost Rs 136 a share, which is quite lower than its Monday's closing price of Rs 200.20.

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At 11:28 hours IST, the stock was quoting at Rs 200.95, up 0.37 percent amid high volumes.

Net profit of the company dropped to Rs 7.6 crore in fourth quarter FY13 from Rs 10.62 crore in a year ago period. Meanwhile, its income from operations declined to Rs 60.99 crore from Rs 70 crore.