CapitalMarket.com - Disa India tumbles on profit taking after three-day 55.8% rally
Hot Pursuit Monday, March 05, 2012 13:52 Hrs IST

Print this page


Disa India tumbles on profit taking after three-day 55.8% rally

Disa India tumbled 7.98% to Rs 2,883.05 at 13:47 IST on BSE on profit taking after three-day 55.8% rally triggered by the company's board recommending dividend of Rs 200 per share for the year ended 31 December 2011.

Meanwhile, the BSE Sensex was down 268.48%, or 1.52% to 17,368.51.

On BSE, 4,283 shares were traded in the counter as against average daily volume of 599 shares over the past one quarter

The stock hit a high of Rs 3,169.95 and a low of Rs 2,840.05 so far during the day. The stock had hit a record high of Rs 3,175 on Saturday, 3 March 2012. The stock had hit a 52-week low of Rs 1,300 on 11 March 2011.

The stock had outperformed the market over the past one month till 3 March 2012, surging 95.82% compared with the Sensex's 0.18% gain. The scrip had also outperformed the market in past one quarter, jumping 106.04% as against Sensex's 4.69% gain.

The small-cap engineering firm has an equity capital of Rs 1.51 crore. Face value per share is Rs 10.

The Disa India stock had rallied 55.8% in three trading sessions to settle at Rs 3,133.20 on Saturday, 3 March 2012, from a recent low of Rs 2,011 on Wednesday, 29 February 2012, on the back of strong Q4 results and on a liberal dividend. The company announced the Q4 December 2011 results after trading hours on 29 February 2012 when the board also declared a liberal dividend of Rs 200 per share for the year ended 31 December 2011.

The dividend yield based on the current market price of Rs 2,883.05 works out to 6.93%.

Disa India's net profit rose 45.2% to Rs 12.37 crore on 33.1% growth in net sales to Rs 58.68 crore in Q4 December 2011 over Q4 December 2010.

Disa India manufactures foundry machinery like moulding plants, sand plants and shot blasting machines.

Previous Stories
More 4
Other Stories
4  Tyre stocks on a roll (30-Sep 15:18 Hrs IST)
4  HOV Services hits 52-week high (30-Sep 14:54 Hrs IST)
4  CESC drops as firm to seek shareholders' nod for fund raising (30-Sep 14:13 Hrs IST)
4  Volumes jump at Gammon Infrastructure Projects counter (30-Sep 13:44 Hrs IST)
4  New orders boost L&T (30-Sep 13:05 Hrs IST)
4  HDIL surges as promoters revoke pledged shares (30-Sep 12:31 Hrs IST)
4  Sterlite Technologies gains on JV with Japan's VISCAS (30-Sep 11:59 Hrs IST)
4  Bank stocks decline as RBI holds key policy rates steady (30-Sep 11:21 Hrs IST)
4  Just Dial gains after allotment of land from Karnataka government (30-Sep 11:02 Hrs IST)
4  Bhushan Steel jumps as Neeraj Singal released on bail (30-Sep 10:17 Hrs IST)
Next4