Business Standard

Dredging Corporation of India Ltd News

This PSU stock has zoomed 104% in 6 months; hits over 16-year high

Dredging Corporation of India hit an over 16-year high of Rs 1,130.55 as they were locked in the 10 per cent upper circuit on Wednesday

This PSU stock has zoomed 104% in 6 months; hits over 16-year high
Updated On : 12 Jun 2024 | 10:06 AM IST

India-Iran Chabahar port deal: Time to bet on Indian shipping stocks?

Among shipping stocks - SCI, GE Shipping and Dredging have logged multi-fold returns over the last few years; here's what the chart suggests for the likely trend going ahead.

India-Iran Chabahar port deal: Time to bet on Indian shipping stocks?
Updated On : 14 May 2024 | 1:14 PM IST

614 stocks freeze in lower circuit amid SmallCap rout; Tata Invest sinks 5%

The S&P BSE Smallcap index was the top loser among broader indices, down 1.8 per cent to 42,957. The index has corrected 8.3 per cent from its record high level of 46,821 touched on February 7, 2024

614 stocks freeze in lower circuit amid SmallCap rout; Tata Invest sinks 5%
Updated On : 12 Mar 2024 | 11:53 AM IST

Dredging Corporation Q3 results: Profit jumps over two-fold to Rs 27.22 cr

Dredging Corporation of India Ltd (DCI) on Tuesday posted two-fold jump in net profit at Rs 27.22 crore for the quarter ended December 31, supported by lower expenses. It had reported a net profit of Rs 13.83 crore for the October-December period of 2022-23, the company said in a BSE filing. Total income fell to Rs 266.23 crore from Rs 372.30 crore a year ago. The company trimmed its expenses to Rs 238.52 crore from Rs 358.10 crore a year ago. In a separate statement, the company said its earnings before interest, taxes, depreciation & amortization (EBIDTA) in Q3 FY24 was at Rs 69.59 crore as against Rs 59.71 crore in the same quarter last year. "The third quarter witnessed successful completion of several significant dredging projects, contributing significantly to our revenue surge. Our expertise in executing complex projects has solidified the company's position as a preferred partner for clients seeking efficient and sustainable solutions," company's Chairman Madhaiyaan ...

Dredging Corporation Q3 results: Profit jumps over two-fold to Rs 27.22 cr
Updated On : 13 Feb 2024 | 7:21 PM IST

Paytm, IFCI, Reliance Power and 401 other stocks freeze at upper circuits

TRF, KIOCL, GE T&D India, Dredging Corporation of India, Azad Engineering, and Balaji Telefilms were some of the other stocks which were locked in the upper circuits of 5 per cent to 20 per cent

Paytm, IFCI, Reliance Power and 401 other stocks freeze at upper circuits
Updated On : 07 Feb 2024 | 1:50 PM IST