DIC India set for best session since August 2020 on quarterly profit

DIC India

24/02/2025 07:37

** DIC India  DICI.NS  jumps 10.7% to 711.4 rupees
    ** Printing ink manufacturer's December-quarter profit at
71.5 mln rupees ($824,882.61) vs year-ago loss of 71.8 mln
rupees; 5.6% y/y rev growth outweighs 2.6% y/y rise in expenses
    ** Stock set for biggest intraday pct gain since August 11,
2020
    ** DICI trading above 50-day, 100-day, 200-day simple moving
avgs, indicating bullish sentiment
    ** More than 67,000 shares traded, 41.4x its 30-day avg
    ** DICI gained 34.3% in 2024

($1 = 86.6790 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))