The share price of Sudarshan Chemical hit a 52-week high of Rs. 358.70 on the NSE today with increased trading volume. In the quarter ending June 30, 2016, Sudarshan Chemical's net profit increased 73% to Rs. 3151.1 compared to the same period last year. Total revenue also rose from the previous year. The company was identified by Dynamic Levels as a potential multibagger stock based on technical and fundamental analysis, and its share price continues to trade at a higher level than the previous closing price.
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Sudarshan Chemical Share Price hits 52-Week High
Sudarshan Chemical share price
hits 52-week high of Rs.358.70
on NSE today with a spurt in
volume by more than 1.08 times.
As of 9:45 am, the total volume
traded on the NSE counter stood
at 5,44,175 shares with a traded
value amounting to Rs.1902.22
lac.
The scrip breached upper circuit at Rs.329.35 yesterday and its volume multiplied by more
than 2.64 times. Sudarshan Chemical June 30, 2016 quarter results were announced on
12th
August, 2016. The net profit for the period increased by 73 per cent. It stood at Rs.3151.1
as compared to Rs.1821.1 in the corresponding period of last fiscal.
The total net income from operations rose to Rs.33,676 for the quarter ended June 30, 2016,
as compared to Rs.29,422.6 in the same quarter last year. The total expenses increased in the
April-June quarter to Rs.29,138.2 from Rs.26,300.9 as of last year.
Meanwhile, Sudarshan Chemical share price was trading 7.36 per cent higher at Rs.354.50 on
NSE. It opened at Rs.338.50 from a previous closing of Rs.330.20. Currently, the day’s high
stands at Rs.358.70 while the day’s low reads at Rs.335.
Sudarshan Chemical is one of the Multibagger Shares identified by Dynamic Levels research
analysts at the end of every month out of Top 500 Shares. The stock can be an awesome
investment opportunity and can give you high returns.
The Dynamic Levels Research Team has analysed the stock well, based on technical and
fundamental research. The scrip is being traded in very high volumes. For details on the
support and resistance levels of the stock, please pay a visit to Sudarshan Chemical share
price history.
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Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways
are solely the personal views of the research team. Users are advised to use the data for the
purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
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DYNAMIC/its Associates/ Research Analyst/ his Relative:
Do not have any financial interest / any actual/beneficial ownership in the subject
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Do not have any other material conflict of interest at the time of publication of the
research report
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any compensation or other benefits from the subject company, nor engaged in market
making activity for the subject company
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