Dilip Buildcon Q2 FY17 net profit declines 83%

India Infoline News Service | Mumbai | December 02, 2016 16:15 IST

Dilip Buildcon reported its net profit declined 83% to Rs 7 crore in the quarter ended September 2016 as against Rs 40 crore during the previous quarter ended September 2015.

Dilip Buildcon reported its net profit declined 83% to Rs 7 crore in the quarter ended September 2016 as against Rs 40 crore during the previous quarter ended September 2015.

The sales of the company rose 3.5% to Rs 916 crore in the quarter ended September 2016 as against Rs 885 crore during the previous quarter ended September 2015.

Stock Commentary:

Dilip Buildcon Ltd is currently trading at Rs 227.8, down by Rs 25.7 or 10.14% from its previous closing of Rs 253.5 on the BSE.

The scrip opened at Rs 239.9 and has touched a high and low of Rs 239.9 and Rs 220.25 respectively. So far 846487(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3467.11 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 261.9 on 01-Dec-2016 and a 52 week low of Rs 178.6 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 261.9 and Rs 223.15 respectively.

The promoters holding in the company stood at 75.63 % while Institutions and Non-Institutions held 15.67 % and 8.7 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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