Rushil Decor recovers on bargain hunting

Rushil Decor rose 1.1% to Rs 914 at 9:47 IST on BSE, with the stock recovering on bargain hunting after recent sharp slide.

Meanwhile, the S&P BSE Sensex was down 90.62 points or 0.27% at 33,588.62.

On the BSE, 110 shares were traded on the counter so far as against the average daily volumes of 16,019 shares in the past one quarter. The stock had hit a high of Rs 915 and a low of Rs 890 so far during the day. The stock had hit a record high of Rs 1,190.90 on 3 November 2017 and a 52-week low of Rs 541 on 19 April 2017.

Shares of Rushil Dor had tumbled 21.88% in the preceding 16 trading sessions to settle at Rs 904.05 on Friday, 24 November 2017, from its closing of Rs 1,157.30 on 2 November 2017.

Rushil Dor's net profit rose 21.9% to Rs 8.58 crore on 26.7% growth in net sales to Rs 92.56 crore in Q2 September 2017 over Q2 September 2016.

Rushil Decor is the flagship company of the Rushil group. The company offers comprehensive engineered interior products including decorative laminate sheets and plain particle boards.

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