DFM Foods advances on stock-split plan

DFM Foods rose 2.31% to Rs 1,220 at 10:03 IST on BSE after the company scheduled a board meeting on 6 August 2018 to consider the proposal of sub-division of equity shares of the company.

The announcement was made after market hours yesterday, 18 July 2018.

Meanwhile, the S&P BSE Sensex was down 2.05 points, or 0.01% at 36,371.39

On the BSE, 210 shares were traded on the counter so far as against the average daily volumes of 78 shares in the past two weeks. The stock had hit a high of Rs 1,220 and a low of Rs 1,219 so far during the day. The stock had hit a 52-week high of Rs 2,089.45 on 1 December 2017 and a 52-week low of Rs 1,131 on 4 July 2018.

The small-cap company has equity capital of Rs 10.02 crore. Face value per share is Rs 10.

DFM Foods' net profit rose 30.23% to Rs 5.73 crore on 9.55% rise in net sales to Rs 101.08 crore in Q4 March 2018 over Q4 March 2017.

DFM Foods is engaged in manufacturing and marketing of snack foods.

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