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Shares of Dalmia Bharat Sugar & Industries, a sugar sector company, saw a rise today. The company’s stock today rose more than 5 percent to Rs. has reached the level of 490.05. This is also the company’s 52-week high. The rise in the company’s shares is attributed to the quarterly results. September quarter results have been excellent for the company.
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The quarterly results made everyone happy
On November 7, the company announced its quarterly results. In a disclosure to the stock markets, Dalmia Sugar & Industries (Dalmia Bharat Sugar & Industries Q2 Results) said its net profit for the second quarter was Rs 55 crore. The company’s net profit has seen a year-on-year increase of 369 percent. Let us tell you that the total income of Dalmia India from July to September 2023 was 787 crore rupees. This time is 29 percent more than last year.
Before the opening of the IPO, the company raised Rs. 250 crore was collected.
The company continues to pay dividends to its local investors at regular intervals. In the month of August, the company gave a dividend of Rs 1 per share. Earlier in February, the company had given an interim dividend of Rs 3 per share.
How has the last one year been in the stock market?
After touching a 52-week high on the BSE on Tuesday, the company’s shares fell to Rs. 465.70. The company’s stock has seen an increase of more than 25 percent in the last 6 months. At the same time, in the last one year, the company has made more than 45 percent profit for local investors.