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Tarsons Products Slumps 20% As Profit Falls And Margin Narrows In Q1

The company reported a net profit of Rs 20.3 crore in the quarter ended June, down 18% year-on-year.

Rishabh Bhatnagar

Labware made by Tarsons. (Source: Company website)

Shares of Tarsons Products Ltd. tumbled the most since debut after its first-quarter profit dropped and margin contracted.

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Shares of the company fell as much as 20%, the most since Nov. 26, before closing 9.7% lower on Monday. The stock is also the worst performer on the S&P BSE IPO and S&P BSE Healthcare indices.

All the three analysts tracking the company reiterated a 'buy'. The 12-month consensus price target implies an upside of 17.5%.

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Rishabh Bhatnagar
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