Dynamatic Tech's recent upmove halts on profit taking

Dynamatic Technologies lost 2.49% to Rs 2,590.95 at 15:13 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was down 166.90 points or 0.52% at 31,725.33. The S&P BSE Small-Cap index fell 92.84 points or 0.58% at 16,037.28.

On the BSE, 880 shares were traded on the counter so far as against the average daily volumes of 411 shares in the past one quarter. The stock had hit a high of Rs 2,676 and a low of Rs 2,510.05 so far during the day. The stock had hit a 52-week high of Rs 3,650 on 24 October 2016 and a 52-week low of Rs 2,099.95 on 29 August 2017.

 

The stock had outperformed the market over the past one month till 1 September 2017, advancing 10.58% compared with the Sensex's 2.1% fall. The stock had also outperformed the market over the past one quarter, gaining 3.22% as against the Sensex's 2.42% rise. The scrip had, however, underperformed the market over the past one year, sliding 10.92% as against the Sensex's 12.2% rise.

The small-cap company has equity capital of Rs 6.34 crore. Face value per share is Rs 10.

Shares of Dynamatic Technologies had surged 24.84% in the preceding six trading sessions to settle at Rs 2,657.10 on Friday, 1 September 2017, from its close of Rs 2,128.40 on 23 August 2017.

On a consolidated basis, Dynamatic Technologies reported a net loss of Rs 7.46 crore in Q4 March 2017 compared with net profit of Rs 19.22 crore in Q4 March 2016. Net sales declined 2.5% to Rs 375.17 crore in Q4 March 2017 over Q4 March 2016.

Dynamatic Technologies designs and builds high precision systems and sub-systems for Aerospace, Automotive, Hydraulics, and Homeland Security & Defense.

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