Penny stock engaged in the manufacturing, trading, and distribution of a wide range of industrial chemicals, active pharmaceutical ingredients, and many more jumped upto 7 percent upon receiving an order worth Rs. 12.75 Crores.
With a market capitalization of Rs. 27.56 Crores, the shares of Dipna Pharmachem Limited were trading at Rs. 11.05, up 6.76 percent from its previous day’s close price of Rs. 10.35.
Dipna Pharmachem Limited has received a sales order worth Rs. 12.75 Crores from Fact Trading Co., Morbi to deliver high-quality Melamine powder. Melamine powder is used in melamine dinnerware, thermosetting plastics, glues, adhesives, laminates, and many more.
Dipna Pharmachem Limited is engaged in the manufacturing, trading, and distribution of a wide range of industrial chemicals, active pharmaceutical ingredients, solvents, formulations, pharmaceutical raw materials, and many more.
Its revenue from operations grew by 37.46 percent from Rs. 73 Crores in Q3FY23 to Rs. 100 Crores in Q3FY24, and it has generated Rs. 1 Crore profit in both years.
It has reported a return on equity (ROE) of 6.97 percent and a return on capital employed (ROCE) of 9 percent, it is making decent returns on its equity and capital employed.
Note: Due to the illiquidity of penny stocks, the stock can hit its assigned circuit levels with just a minor increase in the volume of trades. Even if the stock prices are within the usual buying range for the investors and offer enormous potential profits, penny stocks are quite dangerous for retail investors.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
