Dhanuka Agritech advances after bulk deal

Dhanuka Agritech surged 4.42% to Rs 247.90 at 11:22 IST on BSE after 1.99% equity changed hands in a bulk deal on BSE today, 16 April 2014.

A bulk deal of 10 lakh shares was executed on Dhanuka Agritech counter at Rs 243.90 per share at 10:34 IST on BSE today, 16 April 2014.

Meanwhile, the S&P BSE Sensex was up 7.98 points or 0.04% at 22,492.91

On BSE, so far 10.10 lakh shares were traded in the counter as against average daily volume of 76,956 shares in the past one quarter.

The stock hit a high of Rs 248.25 and low of Rs 231 so far during the day. The stock had hit a record high of Rs 286.10 on 19 March 2014. The stock had hit a 52-week low of Rs 116.15 on 23 April 2013.

Dhanuka Agritech had underperformed the market over the past one month till 15 April 2014, falling 6% compared with the Sensex's 3.10% rise. The scrip, however, outperformed the market in past one quarter, surging 23.16% as against Sensex's 5.62% rise.

The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.

Dhanuka Agritech's consolidated net profit surged 35.3% to Rs 32.05 crore on 24% growth in net sales to Rs 253.40 crore in Q2 September 2013 over Q2 September 2012.

Dhanuka Agritech is engaged in the manufacture of various technical-grade pesticides which includes insecticides and weedicides.

Powered by Capital Market - Live News