 "MIRC Electronics zooms 44% in two days post Q1 results")
MIRC Electronics has hit the upper circuit for the second straight day, up 20% at Rs 24.16 on BSE after the company on Wednesday reported nearly four-fold jump in net profit at Rs 4.50 crore in June quarter (Q1FY18).
The company engaged in consumer electronics business had reported a profit of Rs 1.16 crore in a year ago quarter.
Net sales during the quarter, however, declined by 14% to Rs 207 crore against Rs 240 crore in the corresponding quarter of previous fiscal.
The stock trading at its 52-week high, zoomed 44% in past two trading sessions
The company engaged in consumer electronics business had reported a profit of Rs 1.16 crore in a year ago quarter.
Net sales during the quarter, however, declined by 14% to Rs 207 crore against Rs 240 crore in the corresponding quarter of previous fiscal.
The stock trading at its 52-week high, zoomed 44% in past two trading sessions
