Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 28 January 2021.

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Net profit of Sudarshan Chemical Industries declined 34.36% to Rs 30.33 crore in the quarter ended September 2020 as against Rs 46.21 crore during the previous quarter ended September 2019. Sales rose 1.10% to Rs 423.24 crore in the quarter ended September 2020 as against Rs 418.65 crore during the previous quarter ended September 2019.

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Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 23 October 2020.

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The stock rose as much as 10.12% to hit the day's high of Rs 538 today, which is also a 52-week high for the counter.

The scrip has surged 22.85% in seven sessions from its recent closing low of Rs 431.60 on 9 September 2020.

During the same period, the S&P BSE Sensex rose 2.20% while the S&P BSE 500 index added 3.43%.

The stock has jumped 85.24% from its 52-week low of Rs 286.25 hit on 13 March 2020.

Sudarshan Chemical Industries manufactures color pigments, which are used in paints, printing inks, plastics, rubber artist materials, and textile printing. The Group also manufactures a basic range of pesticides.

The company's consolidated net profit declined 57.4% to Rs 18.20 crore on a 14.3% fall in net sales to Rs 346.13 crore in Q1 June 2020 over Q1 June 2019.

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