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Privi Speciality Chemicals Limited and Givaudan SA to form JV for Aroma Chemicals
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Privi Speciality Chem rises for seventh day
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Privi Speciality Chemicals jumped 5.78% to Rs 1102.50 after the company s consolidated net profit increased 70.8% to Rs 59.86 crore in Q4 FY21 from Rs 35.04 crore in Q4 FY20.
Net sales during the quarter improved 14.2% to Rs 353.11 crore compared with the same period last year. Profit before tax in Q4 FY21 stood at Rs 80.60 crore, up by 74.5% as against Rs 46.19 crore in Q4 FY20.
The chemical maker recorded 19.9% fall in consolidated net profit to Rs 116.90 crore on 3.6% decline in net sales to Rs 1276.56 crore in the year ended 31 March 2021 over the year ended 31 March 2020.
The company s board has recommended a dividend of Rs 2 per equity share for the financial year ended 31 March 2021. The record date for the same is 20 August 2021.
Top 10 things to know before the market opens Moneycontrol 1 hour ago © Rakesh Patil Top 10 things to know before the market opens
The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 30 points loss against May 12 closing of 14,696.50.
The BSE Sensex declined 471.01 points, or 0.96 percent, to close at 48,690.80 on May 12 while the NSE Nifty50 slipped 154.30 points, or 1.04 percent, to 14,696.50.
According to pivot charts, the key support levels for the Nifty are placed at 14,622.8, followed by 14,549.1. If the index moves up, the key resistance levels to watch out for are 14,797.1 and 14,897.7.
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