De Nora rises over 16%

De Nora India rose over 16% to Rs.269 levels. It continues to remain firmly in the green. Its 52-week high is at Rs.332. A small cap company, it is a subsidiary of the De Nora Group and is a market leader in the fields of Cathode & Anode for Chlor-Alkali Industry, Electrochlorinators and Cathodic Protection Systems. The stock has jumped up today on news that it has secured an order worth Rs.12 crore from BHEL. The company had posted a poor show for Q2FY18 with a net loss of Rs.1 crore v/s profit of Rs.57 lakh in previous Q2. This was on a 52% (YoY) drop in net sales at Rs.4 crore.