Advanced Enzyme zooms up 17 per cent

The stock of Advanced Enzyme was buzzing and zoomed up by 17 per cent during the afternoon trading session on Friday. The stock has seen consecutive gains for more than a week.

Advanced Enzymes witnessed two block trades which account for 9 per cent of the company's shares.

For Q3FY19, the company reported net sales at Rs. 53.55 crore as against Rs. 58.05 crore in the same period last year, which is down 7.75 per cent. Net Profit was at Rs. 6.37 crore as against Rs. 10.00 crore, down 36.28 per cent. EBITDA for the quarter was Rs. 9.93 crore, down 34.33 per cent as against Rs. 15.12 crore in Q3FY18.

The stock price has been gaining for the last seven days and has increased close to 30 per cent in the period.

On Friday, at 14:35 hours, the stock of Advanced Enzyme Technologies was trading at Rs. 192.40 per share, up by Rs. 29.15 or 17.86 per cent on BSE. It opened at Rs. 161.70 per share and hit an intraday high of Rs. 195.90. While the BSE Sensex was at 36,678.53, down by 46.89 or 0.13 per cent.