desk
Share
News Topical, Digital Desk : A stock that has given more than 100 percent return to its investors in the last one year is witnessing a lot of buying in today's Wednesday's trading. The situation is such that as soon as the market opened, an upper circuit was put in the stock and the stock is continuously remaining in the upper circuit.
This stock is of iron and steel product company Manaksia coated metals and Industries. As soon as the market opened, the stock hit an upper circuit of 10 percent and the stock reached 156.25 against the previous closing level of 142.05. At the time of writing the news, the stock is currently at this level. This is also the highest level of the stock for the year. The company released its quarterly results after the market closed on Tuesday
due to the impact of this news . The company's profit has increased by 370 percent compared to last year and reached Rs 14 crore. The company's income has increased by 29 percent year-on-year to Rs 250 crore. EBITDA increased by more than 93 percent during this period. A sharp jump has also been seen in the company's EPS. The company's income and profit have been the highest in the last 5 quarters. The special thing is that in the last 4 quarters, the total profit of the company has been close to Rs 16 crore. At the same time, the profit of the June quarter alone is Rs 14 crore. Along with the results, the company has set September 9 as the record date for the final dividend.
How was the stock's performance? The stock remained in the upper circuit in the first 2 hours of the session. The lowest level of the year for the stock is 56, which was recorded in October last year. That is, the stock has increased by about 200 percent from the lower level. Today the stock has made a new highest level of 156.25. The one-year return of the stock is 145 percent, the 3-month return is 67 percent.
--Advertisement--
