Dynamic Cables announced that the Board of Directors of the Company at its meeting held on 23 May 2023, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Dynamic Cables rose 17.69% to Rs 9.98 crore in the quarter ended March 2023 as against Rs 8.48 crore during the previous quarter ended March 2022. Sales rose 3.36% to Rs 178.46 crore in the quarter ended March 2023 as against Rs 172.66 crore during the previous quarter ended March 2022.

For the full year,net profit rose 0.36% to Rs 31.01 crore in the year ended March 2023 as against Rs 30.90 crore during the previous year ended March 2022. Sales rose 18.64% to Rs 668.63 crore in the year ended March 2023 as against Rs 563.57 crore during the previous year ended March 2022.

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Dynamic Cables will hold a meeting of the Board of Directors of the Company on 23 May 2023.

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Transwarranty Finance Ltd Partly Paidup, Stampede Capital Ltd-DVR, Winpro Industries Ltd and Starlit Power Systems Ltd are among the other losers in the BSE's 'B' group today, 08 February 2023.

Dynamic Cables Ltd tumbled 11.21% to Rs 179 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 2.02 lakh shares were traded on the counter so far as against the average daily volumes of 19990 shares in the past one month.

Transwarranty Finance Ltd Partly Paidup lost 10.00% to Rs 2.43. The stock was the second biggest loser in 'B' group.On the BSE, 1 shares were traded on the counter so far as against the average daily volumes of 1691 shares in the past one month.

Stampede Capital Ltd-DVR crashed 9.96% to Rs 9.76. The stock was the third biggest loser in 'B' group.On the BSE, 5.97 lakh shares were traded on the counter so far as against the average daily volumes of 2.63 lakh shares in the past one month.

Winpro Industries Ltd plummeted 9.64% to Rs 3.56. The stock was the fourth biggest loser in 'B' group.On the BSE, 1.66 lakh shares were traded on the counter so far as against the average daily volumes of 83966 shares in the past one month.

Starlit Power Systems Ltd corrected 9.24% to Rs 6.48. The stock was the fifth biggest loser in 'B' group.On the BSE, 23 shares were traded on the counter so far as against the average daily volumes of 6449 shares in the past one month.

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