This stock has zoomed 65% in 3 trading days on reporting H1FY22 turnaround

Kristen Richey
c5f65d0042834159277bc06620bc3ba3

stock market, markets, bull, bear, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

Responsive Industries has witnessed a phenomenal rally in the last three trading sessions after the company announced its quarterly and half-yearly numbers for the period ended September 2021 on December 28, 2021.

The stock has zoomed a whopping 65.1 per cent from levels of Rs 106.85 (closing price on December 28) to an intraday high of Rs 176.50 today.

As of 11 am, the stock was up 16.3 per cent at Rs 175.20, backed by a volume of 1.84 shares versus its two-week average traded volume of around 82,000 shares on the BSE. Meanwhile, the BSE Sensex was up 0.7 per cent at 58,174.

According to the release issued by the company to the BSE, for the half-year ended September 2021. The company reported a turnaround with a net profit of Rs 6.60 crore as against a net loss of Rs 4.13 crore for the half-year ended September 2020. Total income grew by 14.7 per cent to Rs 180.93 crore from Rs 157.72 crore in the same abvoe mentioned period.

However on the quarterly basis, the company's net profit for the quarter ended September 2021 declined by 16 per cent to Rs 4.85 crore when compared with Rs 5.77 crore profit reported in the September 2020 quarter. Total income, however, was more or less similar around Rs 110 crore.



Source

Total
23
Shares
Leave a Reply

Connect with



Your email address will not be published.

Previous Post
d06eb6e8edf0cd0f0adeefef53de0973

HAKKO Tech Tips – How to Maximise Lead-Free Soldering

Next Post
813b6e3fb24b58360d13d8319e7f4d52

Gurugram: Vipul Lavanya road cut off by another builder, say residents

Related Posts