KDDL on a bull’s run, up by more than 10 per cent

KDDL, formerly known as Kamla Dials and Devices Limited, on July 19 on an intraday basis has surged by more than 10 per cent. The shares as at 9.50 am are trading at Rs 220.10. The shares in the last 3 months have surged by more than 18 per cent. However, shares in the last 6 months have declined by more than 20 per cent. Shares'  52-week High/Low stands at Rs 367/162.

On the other hand, the company on July 19, has informed NSE that the register of members and share transfer books of the company will remain closed from August 5, 2016 to August 12, 2016 (both days inclusive) for the purpose of annual general meeting of the company which is scheduled to be held on August 12, 2016.

On the financial front, the Q4FY16 results as compared to Q4FY15 results are not impressive. The company’s profit has declined by more than 320 per cent as compared to Q4FY15. EBITDA of the company has also shrunk to 67 per cent as compared to Q4FY15.

KDDL Ltd., is an Indian company engaged in the business of watch and precision engineering. The company also supplies watch components to international brands in Switzerland and India. The company has established retail chain for Swiss watches named ETHOS Swiss watch studios. The company’s precision stamping division offers high precision pressed components and tooling solutions for engineering applications. The company's operating business segment consists of precision and watch components.