Dalmia Bharat gains after turnaround in Q4

Dalmia Bharat rose 4.19% to Rs 490 at 10:20 IST on BSE after the company reported consolidated net profit of Rs 47.28 crore in Q4 March 2015 compared with net loss of Rs 5.17 crore in Q4 March 2014.

The Q4 result was announced after market hours yesterday, 13 May 2015.

Meanwhile, the S&P BSE Sensex was down 69.41 points or 0.25% at 27,181.69.

On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 5,726 shares in the past one quarter.

The stock hit a high of Rs 499 and low of Rs 476.50 so far during the day. The stock had hit a record high of Rs 567 on 18 November 2014. The stock had hit a 52-week low of Rs 241 on 13 May 2014.

The stock had outperformed the market over the past one month till 13 May 2015, advancing 0.65% compared with Sensex's 6.17% fall. The scrip had also outperformed the market in past one quarter, declining 0.24% as against Sensex's 6.34% fall.

The mid-cap company has equity capital of Rs 16.24 crore. Face value per share is Rs 2.

Dalmia Bharat's net sales rose 59.3% to Rs 1231.26 crore in Q4 March 2015 over Q4 March 2014.

Dalmia Bharat is a conglomerate having its presence in cement, sugar, refractories & power manufacturing industries.

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