DCM Shriram has suddenly shot up on the buyers radar today, with the stock currently holding fort as the top gainer on the BSE. The stock price hit a new high today at Rs.503.50 and the stock has been gaining for the last 3 days and has risen 9.65% in the period.
The company posted very good numbers for Q4FY19. Its net sales tose over 20% (YoY) at Rs.1888 crore and net profit showed a jaw dropping 477% surge at Rs.293 crore. Its EPS shot up from Rs.3.12 to Rs.18.67 (Face value at Rs.2).
It ended FY19 with a 35% jump in net profit at Rs.905 crore on a 13% increase in net sales at Rs.7743 crore.