DIC India spurts after turnaround in Q1

DIC India surged 11.46% to Rs 426.90 at 13:48 IST on BSE after the company reported net profit of Rs 5.68 crore in Q1 March 2015 compared with net loss of Rs 24.40 crore in Q1 March 2014.

The Q1 result was announced after market hours yesterday, 21 April 2015.

Meanwhile, the S&P BSE Sensex was down 194.91 points or 0.7% at 27,481.13.

On BSE, so far 57,000 shares were traded in the counter as against average daily volume of 3,418 shares in the past one quarter.

The stock hit a high of Rs 457 and a low of Rs 397.40 so far during the day. The stock had hit a record high of Rs 625 on 7 October 2014. The stock had hit a 52-week low of Rs 330.10 on 27 February 2015.

The stock had outperformed the market over the past one month till 21 April 2015, surging 11.79% compared with the Sensex's 2.07% fall. The scrip had also outperformed the market in past one quarter, sliding 0.34% as against Sensex's 4.2% fall.

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

DIC India's net sales declined 3% to Rs 171.51 crore in Q1 March 2015 over Q1 March 2014.

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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