DIC India slumps after announcing Q1 results

DIC India tumbled 7.74% to Rs 617 at 10:10 IST on BSE after net profit rose 26.8% to Rs 7.20 crore on 2.1% decline in net sales to Rs 167.95 crore in Q1 March 2016 over Q1 March 2015.

The result was announced after market hours on Friday, 22 April 2016.

Meanwhile, the S&P BSE Sensex was down 83.24 points or 0.32% at 25,754.90.

On BSE, so far 2,106 shares were traded in the counter as against average daily volume of 1,385 shares in the past one quarter. The stock hit a high of Rs 655 and a low of Rs 601.25 so far during the day. The stock had hit a 52-week low of Rs 384 on 7 May 2015. The stock had hit a record high of Rs 746.75 on 6 August 2015. The stock had outperformed the market over the past one month till 22 April 2016, surging 20.93% compared with Sensex's 2% rise. The scrip had, however, underperformed the market in past one quarter, advancing 3.68% as against Sensex's 5.74 % rise.

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.

Powered by Capital Market - Live News