Bhagyanagar India stock slides on poor results

The stock is currently trading at Rs22.50, down Rs. 1.35 Shares of Bhagyanagar India Ltd. dips as much as 5.66% after net profit in the quarter to Dec. 31 declined 22% to Rs22.9mn. Separately, the board yesterday approved a share buyback at a maximum price of Rs35 apiece.   The stock is currently trading at Rs22.50, down Rs. 1.35. The stock touched intra day high of Rs. 24.90 and intra day low of Rs. 22.30 after opening at Rs. 23.85.