Bailing out

Vikas Ecotech’s promoter disposes of shares worth ₹159 million as the stock takes a beating after a dismal September quarter

Vikas Ecotech’s September result was nothing short of a disaster. The net profit plunged by 38% (yoy) to Rs.69 million, and net sales declined by 62% (yoy) to Rs.423 million due to significant supply constraints.  Following the results on November 19, the stock hit its 52-week low of Rs.11.88 on the same day.