Dynamatic Technologies surged 9.33% to Rs 2,935.50 at 11:51 IST on BSE after the company received the government's approval yesterday, 19 February 2015, for manufacture of unmanned aerial vehicles spacecrafts and related machinery.
Meanwhile, the S&P BSE Sensex was down 76.43 points or 0.26% at 29,385.84.
On BSE, so far 8,868 shares were traded in the counter as against average daily volume of 3,461 shares in the past one quarter.
The stock hit a high of Rs 2,987.50 so far during the day, which is a record high for the counter. The stock hit a low of Rs 2,657 so far during the day. The stock had hit a 52-week low of Rs 500 on 4 March 2014.
The stock had outperformed the market over the past one month till 19 February 2015, surging 19.19% compared with Sensex's 4.25% rise. The scrip had also outperformed the market in past one quarter, jumping 20.11% as against Sensex's 5.1% rise.
The small-cap company has equity capital of Rs 6.34 crore. Face value per share is Rs 10.
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On consolidated basis, Dynamatic Technologies' net profit fell 85.5% to Rs 0.57 crore on 4.3% decline in net sales to Rs 378.97 crore in Q3 December 2014 over Q3 December 2013.
Dynamatic Technologies designs and builds highly engineered products for automotive, aeronautic, hydraulic and security applications.
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