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Dwarikesh Sugar extends fall on profit booking; trades ex-stock split

The stock dipped 9% to Rs 61 in intra-day trade, extending its 11% decline in past two days on BSE

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
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Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai
Dwarikesh Sugar Industries dipped 9% to Rs 61 in intra-day trade, extending 11% decline in past two days on BSE, on profit booking. The stock is trading at ex-stock split in a ratio of 10:1.

In past three weeks, between July 17 and August 8, the stock of sugar Company zoomed 76% from Rs 42.65 to Rs 75 (adjusted to stock split). On comparison, the S&P BSE Sensex was up 0.62% during the same period.

The board of directors of the company is schedule to meet today to consider unaudited financial results for the quarter ended June 30,