Vaibhav Global hits 52-week high after Q1 result

Vaibhav Global was up 2.56% to Rs 895 at 14:11 IST on the BSE after consolidated net profit rose 19.8% to Rs 36.01 crore on 12.8% increase in net sales to Rs 439.96 crore in Q1 June 2019 over Q1 June 2018.

The result was announced after market hours yesterday, 30 July 2019.

Meanwhile, the S&P BSE Sensex was down by 6.59 points or 0.02% to 37,390.63.

On the BSE, 15000 shares were traded in the counter so far compared with average daily volumes of 2383 shares in the past two weeks. The stock had hit a high of Rs 904 during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 840.1 during the day. The stock hit a 52-week low of Rs 573.3 on 1 October 2018.

Shares of Vaibhav Global rose 4% in three trading sessions to its current market price of Rs 895, from a recent closing low of Rs 860.55 on 26 July 2019.

Vaibhav Global is engaged in the processing of gemstones, such as fire opal, apatite, emerald and various other precious and semi precious stones.

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