Dynemic Products was locked at 5% upper circuit at Rs 199.80 at 14:30 IST on BSE after net profit jumped 49.65% to Rs 5.42 crore on 49.74% jump in total income to Rs 45.73 crore in Q3 December 2017 over Q3 December 2016.
The results were announced during market hours today, 9 February 2018.Meanwhile, the S&P BSE Sensex was down 438.72 points, or 1.27%, to 33,974.44. The S&P BSE Small-Cap index was up 23.60 points, or 0.13%, to 18,154.79, outperforming the Sensex.
On the BSE, 12,827 shares were traded in counter so far compared with an average volume of 14,720 shares in the past one quarter. The stock was locked at a high of Rs 199.80 in intraday trade. The stock had hit a low of Rs 184.25 so far during the day.
The stock had hit a record high of Rs 235.90 on 18 January 2018. The stock had hit a 52-week low of Rs 101.25 on 21 June 2017.
The stock had underperformed the market over the past 30 days till 8 February 2018, falling 5.18% compared with 0.18% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 6.08% as against Sensex's 3.6% rise. The scrip had also outperformed the market in past one year, rising 33.83% as against Sensex's 21.64% rise.
The small-cap company has an equity capital of Rs 11.33 crore. Face value per share is Rs 10.
Dynemic Products is one of the largest global manufacturer & exporter of food colours, lake colours, and blended colours & US-FDA certified FD&C dyes.
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