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Nakoda surges on reporting 35% jump in Q4 net profit

15 May 2012

Nakoda is currently trading at Rs. 8.28, up by 0.15 points or 1.85% from its previous closing of Rs. 8.13 on the BSE.

The scrip opened at Rs. 8.20 and has touched a high and low of Rs. 8.37 and Rs. 8.05 respectively. So far 12299 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 12.90 on 29-Jun-2011 and a 52 week low of Rs. 7.90 on 11-May-2012.

Last one week high and low of the scrip stood at Rs. 8.71 and Rs. 7.90 respectively. The current market cap of the company is Rs. 161.30 crore.

The promoters holding in the company stood at 44.03% while Institutions and Non-Institutions held 0.01% and 25.94% respectively.

Polyester filament yarn maker Nakoda has reported a 35.42% rise in its net profit at Rs 14.41 crore for the quarter ended March 31, 2012, mainly on account of increase in its manufacturing income. The company had posted a net profit of Rs 10.64 crore for the quarter ended March 31, 2011.

The company’s net sales stood at Rs 626.08 crore for the quarter ended March 31, 2012, as against Rs 450.87 crore for the same period of previous fiscal, up by 38.86%.

The company's board of directors has recommended a final dividend of Rs 0.25 for every share of Rs 5 for the financial year ended March 2011.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323