Dalmia Bharat Sugar declines after weak Q4 results

Dalmia Bharat Sugar & Industries fell 7.88% to Rs 172.50 at 10:24 IST on BSE after net profit fell 30.3% to Rs 39.17 crore on 29.1% increase in net sales to Rs 421.92 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours on Friday, 5 May 2017.

Meanwhile, the S&P BSE Sensex was up 101.57 points, or 0.34% at 29,960.37. The S&P BSE Small-cap index was up 95.05 points, 0.62% at 15,450.89.

On the BSE, 83,000 shares were traded on the counter so far as against the average daily volumes of 82,896 shares in the past one quarter. The stock had hit a high of Rs 174.55 and a low of Rs 167 so far during the day.

The stock had hit a 52-week high of Rs 202.20 on 31 January 2017 and a 52-week low of Rs 84.40 on 24 May 2016. The stock had outperformed the market over the past one month till 5 May 2017, advancing 7.83% compared with the Sensex's 0.39% fall. The scrip had, however, underperformed the market over the past one quarter declining 3.3% as against the Sensex's 5.73% rise.

The small-cap company has equity capital of Rs 16.19 crore. Face value per share is Rs 2.

Dalmia Bharat Sugar & Industries is engaged in sugar manufacturing. The plants are located at Ramgarh, Jawaharpur and Nigohi in Uttar Pradesh.

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