De Nora India advances after new order

De Nora India rose 1.45% to Rs 308.55 at 9:35 IST on BSE after the company said it has secured a contract worth Rs 11.99 crore from Bharat Heavy Electricals.

The announcement was made during market hours today, 21 December 2017.

Meanwhile, the S&P BSE Sensex was up 18.52 points or 0.05% at 33,795.90.

On the BSE, 7,492 shares were traded on the counter so far as against the average daily volumes of 7,380 shares in the past one quarter. The stock had hit a high of Rs 313.80 and a low of Rs 301.10 so far during the day. The stock had hit a 52-week high of Rs 332 on 13 July 2017 and a 52-week low of Rs 214 on 28 December 2016.

The small-cap company has equity capital of Rs 5.31 crore. Face value per share is Rs 10.

De Nora India reported net loss of Rs 1.01 crore in Q2 September 2017, compared with net profit of Rs 0.57 crore in Q2 September 2016. Net sales declined 51.7% to Rs 4.32 crore in Q2 September 2017 over Q2 September 2016.

De Nora India (erstwhile known as Titanor Components) is a subsidiary of the De Nora Group. De Nora India is a leader in the fields of cathode & anode for chlor-alkali industry, electrochlorinators and cathodic protection systems.

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