DIC India drops after weak Q3 results

DIC India lost 0.72% to Rs 548 at 12:28 IST on BSE after net profit fell 50.7% to Rs 3.66 crore on 7.9% decline in net sales to Rs 176.32 crore in Q3 September 2016 over Q3 September 2015.

The result was announced after market hours yesterday, 1 November 2016.

Meanwhile, the S&P BSE Sensex was down 301.09 points or 1.08% at 27,575.52.

On BSE, so far 1,731 shares were traded in the counter as against average daily volume of 1,053 shares in the past one quarter. The stock hit a high of Rs 558.20 and a low of Rs 534.70 so far during the day. The stock had hit a 52-week low of Rs 489 on 12 February 2016. The stock had hit a 52-week high of Rs 745.75 on 6 January 2016. The stock had outperformed the market over the past one month till 1 November 2016, advancing 3.5% compared with 0.04% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 0.31% as against Sensex's 0.45% fall.

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

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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