Sudarshan Chemical surges 34.5% in two trading days

Sudarshan Chemical Industries jumped 12.09% to Rs 1,133.90 at 09:51 IST on BSE, with the stock extending Monday's 20% rally triggered by the company's stock-split and bonus issue proposal.

Meanwhile, the BSE Sensex was up 61.56 points, or 0.24% at 25,784.72

On BSE, so far 10,484 shares were traded in the counter as against an average daily volume of 1,383 shares in the past one quarter.

The stock hit a record high of Rs 1,145 in intraday trade today, 5 August 2014. The stock hit a low of Rs 1,053.35 so far during the day. The stock had hit a 52-week low of Rs 275.05 on 6 August 2013.

The small-cap stock outperformed the market over the past one month till 4 August 2014, rising 23.37% compared with 0.92% fall in the Sensex. The scrip had also outperformed the market in past one quarter, surging 76.85% as against Sensex's 14.82% rise.

The company has an equity capital of Rs 6.92 crore. Face value per share is Rs 10.

Sudarshan Chemical Industries before market hours on Monday, 4 August 2014 said that the company's board of directors will consider stock-split and issue of bonus shares along with Q1 June 2014 result on 9 August 2014. The stock rose by maximum permissible level of 20% to Rs 1,011.60 on Monday, 4 August 2014.

Sudarshan Chemical Industries' net profit fell 7.2% to Rs 5.18 crore on 29.2% increase in net sales to Rs 266.12 crore in Q4 March 2014 over Q4 March 2013.

Powered by Capital Market - Live News