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DFM Foods recovers after recent sharp slide

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jumped 5.04% to Rs 1,262.75 at 14:14 on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P Sensex was up 31.04 points, or 0.1% at 31,106.77. The S&P Small-Cap index was up 51.30 points, or 0.33% at 15,697.19.

High volumes were traded on the counter. On the BSE, 2,908 shares were traded on the counter so far as against the average daily volumes of 2,454 shares in the past one quarter. The stock had hit a high of Rs 1,299 and a low of Rs 1,205.95 so far during the day. The stock had hit a record high of Rs 2,433.60 on 17 June 2016 and a 52-week low of Rs 1,122 on 7 June 2017.

The stock had underperformed the market over the past one month till 15 June 2017, declining 28.12% compared with the Sensex's 2.49% rise. The scrip had also underperformed the market over the past one quarter declining 30.79% as against the Sensex's 5.71% rise. The scrip had also underperformed the market over the past one year declining 47.7% as against the Sensex's 16.27% rise.

The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 10.

Shares of had declined 11.52% in the preceding five trading sessions to settle at Rs 1,202.15 yesterday, 15 June 2017, from its close of Rs 1,358.70 on 8 June 2017.

DFM Foods' net profit fell 68.5% to Rs 3.66 crore on 24.2% decrease in net sales to Rs 93.17 crore in Q4 March 2017 over Q4 March 2016.

is engaged in manufacturing and marketing of snack foods.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 14:16 IST