DIC India declines after reverse turnaround in Q3

DIC India lost 4.43% to Rs 496 at 12:10 IST on BSE after the company reported net loss of Rs 2.89 crore in Q3 September 2017 compared with net profit of Rs 3.66 crore in Q3 September 2016.

The result was announced after market hours on Friday, 27 October 2017.

Meanwhile, the S&P BSE Sensex was up 146.64 points or 0.44% at 33,303.86. The S&P BSE Small-Cap index advanced 206.42 points or 1.19% at 17,510.08, outperforming the Sensex.

On the BSE, 1,264 shares were traded on the counter so far as against the average daily volumes of 597 shares in the past one quarter. The stock had hit a high of Rs 502.50 and a low of Rs 489 so far during the day. The stock had hit a 52-week high of Rs 593.25 on 13 July 2017 and a 52-week low of Rs 432.65 on 9 September 2017.

The small-cap company has equity capital of Rs 9.18 crore. Face value per share is Rs 10.

DIC India's net sales rose 7.3% to Rs 189.94 crore in Q3 September 2017 over Q3 September 2016.

DIC India is one of the largest companies in the Indian printing, publishing and packaging industry segment, serving top-of-the-line newspapers, magazines, packaging and printing establishments in the country.

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