Dwarikesh Sugar Industries gained 1.02% to Rs 443.65 at 9:40 IST on BSE after the company said that board meeting is scheduled on 2 June 2017, to consider stock split.
The announcement was made after market hours yesterday, 22 May 2017.The stock had dropped 7.37% in three sessions to settle at Rs 439.15 yesterday, 22 May 2017 from a close of Rs 474.10 on 17 May 2017.
Meanwhile, the S&P BSE Sensex was down 76.75 points or 0.25% to 30,494.22. The S&P BSE Small-Cap index was down 409.80 points or 2.72% to 14,644.34.
On the BSE, 5,872 shares were traded in the counter so far as against average daily volume of 64,027 shares in the past one quarter. The stock had hit high of Rs 451.30 and low of Rs 439.15 so far during the trading session. The stock had hit a record high of Rs 503.50 on 21 April 2017. The stock had hit 52-week low of Rs 178 on 24 May 2016.
The stock had underperformed the market over the past one month till 22 May 2017, falling 9.09% compared with the Sensex's 4.11% rise. The scrip had, however, outperformed the market in past one quarter, rising 7.74% as against the Sensex's 5.91% rise.
The small-cap company has equity capital of Rs 18.83 crore. Face value per share is Rs 10.
Dwarikesh Sugar Industries' net profit fell 11.4% to Rs 46.82 crore on 91.2% rise 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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