Trending stocks: Dollar Industries stock price up over 2%

A total of 536 shares changed hands on the counter till 11:05AM (IST).

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Total market cap of the Dollar Industries Ltd. stood at Rs 649.12 crore at the time of writing this report. 

NEW DELHI: Shares of Dollar Industries traded 2.14 per cent up in Friday's trade at 11:05AM (IST). Around 536 shares changed hands on the counter.

The scrip opened at Rs 112.95 and touched an intraday high and low of Rs 115.35 and Rs 112.4, respectively, in the session so far. Shares of the company of Dollar Industries Ltd. quoted a 52-week high of Rs 280.95 and a 52-week low of Rs 94.0.

Total market cap of the Dollar Industries Ltd. stood at Rs 649.12 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 254.81 crore for the quarter ended 31-Dec-2019, up 4.75 per cent from previous quarter's Rs 243.25 crore and up 4.2 per cent from the year-ago quarter's Rs 244.53 crore.

The net profit for latest quarter stood at Rs 18.822 crore, down 1.06 per cent from the same quarter a year ago.

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Shareholding pattern
As of 31-Mar-2020, DIIs held 6.91 per cent stake in the company, while foreign institutional investors held 0.3 per cent and the promoters 72.2 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 9.66 and a price-to-book ratio of 1.56. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Dollar Industries Ltd. belongs to the Branded Hosiery/Knitwear industry.
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