The Dharamsi Morarji Chemical Company Limited board recommends final dividend of Rs 0 50 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Shares of the Dharamsi Morarji Chemical Company, on Tuesday, were locked in 10 per cent upper circuit for the second straight day at Rs 400.25, also its new high. The trading volumes on the counter doubled with 116,000 equity shares changing hands on the BSE till 12:48 pm; against an average 55,000 shares traded daily in the past two weeks.
The stock of the specialty chemicals company has rallied 21 per cent in the past two trading days. The company s market price has more-than-doubled, up 111 per cent, since February 8, after it reported a strong operational performance in the December quarter (Q3FY21).
The company recorded strong EBITDA (earnings before interest, taxes, depreciation, and amortization) margins of 18.88 per cent in this quarter, against 14.97 per cent in Q3FY20. The strong margins were aided by a combination of soft input prices and higher finished product prices during the quarter.
Shares of Route Mobile, OnMobile Global, Dharamsi Morarji, Kirloskar Industries and Tanfac Industries are among eight stocks that have surged more than 50 per cent in the past one week on the BSE following a strong rally in the equity markets. In comparison, the S&P BSE Sensex was up 1.3 per cent during the week.
Tanfac Industries soared 17 per cent to Rs 299.70, also its 52-week high, on the BSE in intra-day trade today. In the past one week, the stock of commodity chemicals has soared 57 per cent after the company s December quarter (Q3FY21) net profit more-than-doubled to Rs 10.20 crore. It had posted a profit of Rs 3.85 crore in the year-ago quarter.
The Dharamsi Morarji Chemical Company Limited board to approve third quarter results on Feb 8, 2021
Posted On: 2021-01-15 22:34:36 (Time Zone: Arizona, USA)
A Meeting of Board of Directors of The Dharamsi Morarji Chemical Company Limited is scheduled to be held on Monday, 08th February, 2021, through Video Conferencing, to consider, approve and take on record, the Unaudited Financial Results (Standalone and Consolidated) reviewed by the Auditors for the Third Quarter ended on 31st December, 2020.
The window for trading in the shares of the Company has been already closed effective from 1st January, 2021 and will remain closed till the conclusion of 48 hours after the declaration of the Unaudited Standalone Financial Results (Standalone and Consolidated) for the quarter ended 31st December, 2020.