Dhunseri Petrochem spurts after strong Q4 outcome

Dhunseri Petrochem was locked at 20% upper circuit at Rs 65.25 at 12:32 IST on BSE after net profit surged 1180.3% to Rs 28.55 crore on 33.6% decline in net sales to Rs 636.56 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 14 May 2015.

Meanwhile, the S&P BSE Sensex was up 98.79 points or 0.36% at 27,304.85.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 8,373 shares in the past one quarter.

The stock hit a low of Rs 63 so far during the day. The stock had hit a 52-week high of Rs 187.75 on 10 September 2014. The stock had hit a 52-week low of Rs 42.75 on 30 March 2015.

The stock had outperformed the market over the past one month till 14 May 2015, sliding 6.13% compared with Sensex's 6.33% fall. The scrip had, however, underperformed the market in past one quarter, declining 11.4% as against Sensex's 6.49% fall.

The small-cap company has equity capital of Rs 35.02 crore. Face value per share is Rs 10.

Dhunseri Petrochem, formerly Dhunseri Petrochem & Tea is engaged in tea production.

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