CapitalMarket.com - Disa India off 12.2% in 2 days on profit taking
Hot Pursuit Tuesday, March 06, 2012 14:32 Hrs IST

Print this page


Disa India off 12.2% in 2 days on profit taking

Disa India lost 4.34% to Rs 2,750.30 at 14:28 IST on BSE, with the stock extending Monday's 8.23% slide triggered by profit taking after a recent sold surge.

Meanwhile, the BSE Sensex was down 53.93 points, or 0.31% to 17,308.94.

On BSE, 1,366 shares were traded in the counter as against average daily volume of 685 shares over the past one quarter.

The stock hit a high of Rs 2,898 and a low of Rs 2,690.10 so far during the day. The stock had hit a record high of Rs 3,175 on 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 5 March 2012, surging 79.7%, compared with Sensex's 1.38% fall. The scrip had also outperformed the market in past one quarter, rising 91.42%, as against Sensex's 3.32% gain.

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

The stock has declined 12.2% in two trading sessions from a recent high of Rs 3,133.20 on 3 March 2012. Before the two-day fall, the Disa India stock had rallied 55.8% in three trading sessions to settle at Rs 3,133.20 on 3 March 2012 from Rs 2,011 on 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 2,750.30 works out to 7.27%.

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  PGCL gains after board accords investment approval of Rs 2247.37 crore (7-Jul 10:00 Hrs IST)
4  PSU OMCs extend gains after further slide in crude oil prices (7-Jul 09:29 Hrs IST)
4  RIL slips after plans to sell 3.1% stake in Network18 Media & Investments (7-Jul 09:14 Hrs IST)
4  Arvind Remedies surges as board to consider investment proposal by a potential investor (6-Jul 15:10 Hrs IST)
4  Airline stocks jump after slide in crude oil prices (6-Jul 14:46 Hrs IST)
4  Cigarette makers decline after RBI confirms ban on FDI in manufacturing of tobacco products (6-Jul 14:16 Hrs IST)
4  Volumes jump at SKF India counter (6-Jul 13:58 Hrs IST)
4  Petronet LNG drops after RBI restricts further purchases of shares by foreign investors (6-Jul 13:26 Hrs IST)
4  Neyveli Lignite gains after commissioning Unit-I of TPS-II expansion project at Neyveli (6-Jul 12:34 Hrs IST)
4  MOIL declines after reducing manganese ore prices for Q2 September 2015 (6-Jul 11:51 Hrs IST)
Next4