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Cheviot Company has moved higher by 14% to Rs 439 on the BSE after reporting around five-fold jump in net profit at Rs 15.43 crore for the fourth quarter ended March 31, 2015 (Q4).
The company, engaged in jute goods and capital power generation business, had reported a profit of Rs 3.22 crore in the same quarter last year.
Net sales of the company during the quarter rose 31% to Rs 88.72 crore against Rs 67.69 crore in the corresponding quarter of the previous fiscal.
Meanwhile, the board of directors of the company has recommended a dividend of 170% or Rs 17 per share on the face value of Rs 10 each.
The stock has touched a 52-week high of Rs 442 in intra-day trades on the BSE. Till 1449 hours, around 71,000 shares changed hands as against an average sub 2,000 shares that were traded daily in the past two weeks.
The company, engaged in jute goods and capital power generation business, had reported a profit of Rs 3.22 crore in the same quarter last year.
Net sales of the company during the quarter rose 31% to Rs 88.72 crore against Rs 67.69 crore in the corresponding quarter of the previous fiscal.
Meanwhile, the board of directors of the company has recommended a dividend of 170% or Rs 17 per share on the face value of Rs 10 each.
The stock has touched a 52-week high of Rs 442 in intra-day trades on the BSE. Till 1449 hours, around 71,000 shares changed hands as against an average sub 2,000 shares that were traded daily in the past two weeks.
