Meanwhile, the BSE Sensex was down 168.41 points, or 0.95%, to 17,584.27
On BSE, 8,191 shares were traded in the counter compared with an average daily volume of 4,127 shares during the past one quarter.
The stock hit a high of Rs 1009 and a low of Rs 970 so far during the day. The stock had hit a record high of Rs 1034 on Wednesday, 29 February 2012. The stock had hit a 52-week low of Rs 469.25 on 1 March 2011.
The mid-cap firm has an equity capital of Rs 21.98 crore. Face value per share is Rs 10.
The stock had outperformed the market over the past one month till 29 February 2012, rising 14.05% compared with the Sensex`s 3.01% rise. The scrip, however, outperformed the market in past one quarter, gaining 34.78% as against 10.90% rise in the Sensex.
In an announcement was made during market hours today, 1 March 2012, Kennametal India said that the strike is contingent upon non resolution of the demands made by the company`s employee`s association in their charter.
Kennametal India net profit fell 15.8% to Rs 16.82 crore on 17.4% increase in net sales to Rs 137.80 crore in Q2 December 2011 over Q2 December 2010.
Foreign promoter Kennametal Inc. holds 88.16% stake in Kennametal India as at 31 December 2011.
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