/ Kamdhenu Soars Over 7% After Posting Strong Q4 Figures ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 31 May 2017

Kamdhenu Limited on Wednesday was up by 7.2% at Rs 117.05 per share at 12:35 hours IST on BSE. It touched a high of Rs 120.35 and a low of Rs 113 so far during the day. The stock witnessed a spurt in the volume by more than 2.05 times. It also touched a fresh 52-week high value of Rs 120.35.

The company on Tuesday reported a 31.4% rise in net profit to Rs 3.01 crore for the quarter ended March 31, 2017. It had posted a net profit of Rs 2.29 crore in the same quarter of the previous year.

The board of directors of the company at its meeting held on May 30, 2017, has recommended a dividend of Rs 0.80 per equity share of Rs.10 each for the financial year 2016-17.

Kamdhenu Limited is engaged in manufacturing, distribution, marketing, branding of steel and paints. It manufactures thermo-mechanically treated (TMT) steel.

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