Dwarikesh Sugar hits record high on recent rally

Dwarikesh Sugar Industries jumped 5.23% to Rs 629.50 at 12:24 IST on BSE, with the stock extending recent gains.

Meanwhile, the S&P BSE Sensex was down 89.03 points, or 0.28% at 32,148.85. The S&P BSE Small-Cap index was down 22.69 points, or 0.14% at 15,888.65.

On the BSE, 2.55 lakh shares were traded on the counter so far as against the average daily volumes of 54,829 shares in the past one quarter. The stock had hit a high of Rs 639 so far during the day, which is also its record high. The stock hit a low of Rs 612 so far during the day. The stock had hit a 52-week low of Rs 207 on 9 November 2016.

The stock had outperformed the market over the past one month till 3 August 2017, advancing 36.61% compared with the Sensex's 3.25% rise. The scrip had also outperformed the market over the past one quarter advancing 25.44% as against the Sensex's 7.84% rise. The scrip had also outperformed the market over the past one year advancing 66.26% as against the Sensex's 16.39% rise.

The small-cap company has equity capital of Rs 18.83 crore. Face value per share is Rs 10.

Shares of Dwarikesh Sugar Industries rose 32.08% in six trading sessions to its current market price of Rs 629.50, from a close of Rs 476.60 on 27 July 2017.

Dwarikesh Sugar Industries' net profit fell 11.4% to Rs 46.82 crore on 91.2% increase in net sales to Rs 440.37 crore in Q4 March 2017 over Q4 March 2016.

Dwarikesh Sugar Industries is an integrated conglomerate primarily engaged in manufacture of sugar and allied products. From a humble beginning in 1993, Dwarikesh now has a strong presence in diversified fields such as sugar manufacturing, power and ethanol/ industrial alcohol production.

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