After the first quarter results, this stock created a stir, there was a rush to buy it, price less than Rs 20:

News Topical, Digital Desk : Hathway Cable And Datacom Ltd.: The stock market is a game of possibilities and is full of risks. But there is a saying, no risk no gain. This is absolutely true in the stock market. But if your bet is placed at the right place, then your luck can change overnight. Yes, the stock we are talking about has seen a 13 percent rise in its shares after its first quarter results.

Hathway Cable & Datacom Limited's consolidated net profit for the first quarter of FY 2025-26 increased by nearly 69 per cent to Rs 31.03 crore from Rs 18.37 crore during the first quarter of FY 2024-25.

Profit increased by 69 percent in the first quarter

The major reason for the jump in the net profit of this company is the improvement in operational performance. During the financial year 2025-26, the profit before tax was Rs 40.28 crore, which is about 60 percent more than the same period last year. During the financial year 2024-25, the profit before tax in the first quarter was Rs 25.29 crore.

In the month of July last year, the price of Hathway Cable & Datacom's shares reached a one year i.e. 52 week high of Rs. 25.66. After one year, it has fallen drastically. In April this year, the price of this share fell to its lowest level in one year and it reached Rs. 11.92.

Share prices have been rising since April

However, since April, the share price of Hathway Cable & Datacom is once again rising. On Wednesday, July 16, the shares of this company opened at Rs 16.10 on BSE, which had closed at Rs 15.77 a day earlier. That is, the stock saw a jump of 2 percent. After this, its share reached a highest level of Rs 17.95 in intraday, which is a rise of about 13 percent.