Mukta Arts was up 1.42% to Rs 107 at 9:16 IST on BSE, with the stock extending Thursday's rally triggered by the company reporting strong Q2 September 2017 results.
Meanwhile, the S&P BSE Sensex was up 68.29 points or 0.21% at 33,217.64.
On the BSE, 7,630 shares were traded on the counter so far as against the average daily volumes of 83,000 shares in the past two weeks. The stock had hit a high of Rs 108.05 and a low of Rs 107 so far during the day. The stock had hit a 52-week high of Rs 120 on 22 June 2017 and a 52-week low of Rs 76.50 on 11 August 2017.
Shares of Mukta Arts have rallied 13.16% in two trading sessions to its ruling market price, from its closing of Rs 94.55 on 29 November 2017 after the company reported turnaround results in Q2 September 2017 after market hours on 29 November 2017. The stock had surged 11.58% to settle at Rs 105.50 yesterday, 30 November 2017.
Mukta Arts reported consolidated net profit of Rs 9.40 crore in Q2 September 2017, compared with net loss of Rs 4.90 crore in Q2 September 2016. Net sales rose 43.2% to Rs 37.11 crore in Q2 September 2017 over Q2 September 2016.
Mukta Arts is primarily engaged in the business of film production, distribution and exhibition.
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