DQ Entertainment recovers on bargain hunting

DQ Entertainment (International) surged 6.08% to Rs 15.70 at 13:37 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was down 61.67 points, or 0.2% at 31,151.69. The S&P BSE Small-Cap index was up 53.03 points, or 0.34% at 15,525.58.

On the BSE, 19,000 shares were traded on the counter so far as against the average daily volumes of 24,458 shares in the past one quarter. The stock had hit a high of Rs 16.10 so far during the day. The stock had hit a low of Rs 14.50 so far during the day which is also its 52-week low. The stock had hit a 52-week high of Rs 29.85 on 1 November 2016.

The stock had underperformed the market over the past one month till 8 June 2017, declining 30.35% compared with the Sensex's 4.3% rise. The scrip had also underperformed the market over the past one quarter declining 25.06% as against the Sensex's 8% rise. The scrip had also underperformed the market over the past one year declining 47.73% as against the Sensex's 15.52% rise.

The small-cap company has equity capital of Rs 79.28 crore. Face value per share is Rs 10.

Shares of DQ Entertainment (International) had declined 17.78% in the preceding two trading sessions to settle at Rs 14.80 yesterday, 8 June 2017, from its close of Rs 18 on 6 June 2017.

DQ Entertainment (International) reported consolidated net loss of Rs 283.70 crore in Q4 March 2017, compared with net profit of Rs 26.03 crore in Q4 March 2016. Total income fell 93.5% to Rs 6.29 crore in Q4 March 2017 over Q4 March 2016.

DQ Entertainment (International) is engaged in the business of providing services relating to animation production for television and film production companies.

Powered by Capital Market - Live News