KDML hits new 52-week high

Khemani Distributors and Marketing Ltd, popularly abbreviated as KDML, is the stock of the day. The scrip hit a new 52-week high at Rs 122. The scrip, which previously closed at Rs 111.25, opened four per cent higher and as on 2.54 pm was trading at Rs 122, up by 9.66 per cent. The stock is trading above all SMA of 101.8.

The company is listed on SME IPO in BSE and is the second largest gainer in the index after Tarini International. For the financial year ended March 2016, the gross sales of the company stood at Rs 74.80 crore, an increase of 12 per cent YoY. However, the PBIDT at Rs 2.25 crore plunged 76 per cent as compared with the previous year 2015. The PAT stood at Rs 0.07 crore, a steep plunge of 99 per cent YoY.