Meghmani Organics settled above 8 per cent at Rs. 40.45. The stock was trading at Rs. 40.40 and touched the day’s high and low at Rs. 41 and Rs. 37.25. Approximately 20,90,755 shares are traded on the counter with a traded value of Rs. 823.76 lacs, as per NSE.
Meghmani Organics Ltd.was incorporated in the year 1995. It is a Small Cap company which has a market cap of Rs 948.59 Cr and operates in the Chemicals sector.
Meghmani Organics Ltd. key Products/Revenue Segments are Pigments which contributes Rs 466.66 Cr to Sales Value (47.58 per cent of Total Sales), Agrochemicals which contributes Rs 447.65 Cr to Sales Value (45.64 per cent of Total Sales), Others which contributes Rs 47.59 Cr to Sales Value (4.85 per cent of Total Sales), Other Operating Revenue which contributes Rs 18.82 Cr to Sales Value (1.91 per cent of Total Sales)for the year ending 31st Mar 2016.
For the quarter ended 30th Sept 2016, the company has reported a Consolidated sales of Rs 409.09 Cr., up 15.36 from last quarter Sales of Rs 354.62 Cr. and up 20.27 from last year same quarter Sales of Rs 340.14 Cr. Company has reported net profit after tax of Rs 32.52 Cr. in latest quarter.
The 52 week high of Meghmani Organics share price is observed at Rs 52.35
on 10th Oct ’16 while the 52 week low is seen at Rs. 18.25 on 12th Feb ‘16. The stock has a book value of Rs. 25.25.
on 10th Oct ’16 while the 52 week low is seen at Rs. 18.25 on 12th Feb ‘16. The stock has a book value of Rs. 25.25.
Meghmani Organics is a Multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes.
In order to acquire further details on the support and resistance refer to Meghmani Organics share price forecast.
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