Man Industries hits 52-week high on strong Q1 results
The stock surged 7% to Rs 127 after the c ompany reported a nearly six-fold jump in net profit at Rs 17.71 crore in the June quarter.
)
The liberalised norms for foreign investment could be a boon for affordable housing
Shares of Man Industries surged 7% to Rs 127, also their 52-week high on the BSE, after the company reported a nearly six-fold jump in its standalone net profit at Rs 17.71 crore for the quarter ended June 2015 (Q1).
The company, engaged in construction and engineering business, had posted a profit of Rs 3.16 crore in the same quarter a year ago.
Total operational income increased by 75% to Rs 405 crore in the June quarter against Rs 231 crore in the corresponding quarter of previous year.
At 10:02 AM, the stock was up 3% at Rs 123 on the BSE and saw a combined 2.02 million shares changing hands on the counter on the BSE and NSE.
Meanwhile, the stock rallied nearly 80% in the past one month from Rs 72 on June 17.
The company, engaged in construction and engineering business, had posted a profit of Rs 3.16 crore in the same quarter a year ago.
Total operational income increased by 75% to Rs 405 crore in the June quarter against Rs 231 crore in the corresponding quarter of previous year.
At 10:02 AM, the stock was up 3% at Rs 123 on the BSE and saw a combined 2.02 million shares changing hands on the counter on the BSE and NSE.
Meanwhile, the stock rallied nearly 80% in the past one month from Rs 72 on June 17.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 17 2015 | 10:04 AM IST