Dollar Industries Shares Surge Nearly 8% After Profit Jumps In Q2

• Revenue up 21.2% at Rs 412.5 crore.

• Ebitda up 37.62% at Rs 41.7 crore.

• Margin at 10.11% vs. 8.9%. 

• Net profit up 43.9% at Rs 24.87 crore.

Shares of Dollar Industries rose as much as 7.94% to 471.15 apiece before paring gains to trade 4.93% higher at Rs 458.00 apiece as of 12:11 p.m. This compares to a 0.12% advance in the NSE Nifty 50 Index.

The stock has risen 9.67% on a year-to-date basis. Total traded volume so far in the day stood at 13 times of its 30-day average. The relative strength index was at 65.69.

Out of four analysts tracking the company, 2 maintain a 'buy' rating, one recommends a 'hold', according to Bloomberg data. The average 12-month consensus price target implies an downside/upside of 11.1%.