Hindcon Chemicals will be holding a board meeting later this week on August 26 to consider and approve a Dividend, Buyback and/or Stock split.
The company informed about the board meeting earlier this month. The company also reported its results for the quarter ended June a few days back. The micro-cap company’s revenue from operations for the June quarter stood at ₹17.3 crore, down 18% from the ₹21.1 crore it reported in the same quarter last year.
See Also: Why This Zerodha Broking-Backed Small Cap Stock Is Surging 6% Today
Profits for the quarter surged up over 145% to ₹2.5 crore as compared to the ₹1 crore profit it booked in the corresponding quarter last year. Earnings per share for the quarter stood at ₹3.3.
From ₹20-₹25 levels in early 2021 to the current ₹130 levels, the stock has surged up over 500% in the past two years.
Price Action: Hindcon Chemicals shares were trading 0.44% lower at ₹137.05 in the early hours of trading on Tuesday.
The story was first circulated through our exclusive weekly market newsletter. Sign up for the newsletter to stay updated with the markets.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.