Upper circuit stock: Nureca hits upper circuit after Hornbill Orchid India acquires 1.95 per cent stake

Ganesh V
/ Categories: Trending, Mindshare, DSIJ News
Upper circuit stock: Nureca hits upper circuit after Hornbill Orchid India acquires 1.95 per cent stake

Hornbill Orchid India acquired 1.95 lakh equity shares (1.95 per cent) of Nureca at Rs 1,627.50 via a bulk deal on June 23, 2021.   

Reacting to this, Nureca‘s stock today increased by 5 per cent and made an intraday high of Rs 1,627.50 per share. The stock of the company has increased by 145 per cent from its decline in May 2020.  

The company reported a net profit of Rs 3.89 crore in Q4FY21. In Q4FY20, it had reported a net profit of Rs 2.38 crore, which is an increase of 63.35 per cent. The company reported net sales of Rs 31.84 crore for Q4FY21, a decrease of 3.4 per cent as against the net sales of Rs 32.96 crore for Q4FY20.  

Nureca is engaged in the business of home healthcare & wellness products under the brand, 'Dr Trust'. It helps its customers with tools to help them monitor chronic ailments & other diseases and also, to improve their lifestyle.   

According to BSE data, the stock traded at a price-to-book ratio of 9.97. The stock has a 52-week high and a 52-week low of Rs 1,770 and Rs 559.25, respectively.  

At the time of market closing, the share of the company was trading at Rs 1,627.50 per share on BSE, up by 5 per cent.

Rate this article:
3.9

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

IPO Analysis29-Mar, 2024

Expert Speak29-Mar, 2024

Mindshare29-Mar, 2024

Multibaggers28-Mar, 2024

Knowledge

General26-Mar, 2024

MF25-Mar, 2024

General18-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR