Shares of this Jhunjhunwala-backed footwear firm soar 20% on strong Q3 nos

Metro Brands surged 20 per cent to hit a new high of Rs 608.20 on the BSE in Monday's intra-day trade, up 22 per cent from its issue price of Rs 500 per share.

Shares of footwear company Metro Brands, backed by ace investor Rakesh Jhunjhunwala, surged 20 per cent to Rs 608.20 on the BSE in Monday’s intra-day trade after the company reported strong earnings for the quarter ended December 2021 (Q3FY22).

The stock is trading at its highest level since it got listed on December 22, 2021. With today’s surge, it has gained 22 per cent against its issue price of Rs 500 per share.

At 10:05 am, Metro Brands was trading 18 per cent higher at Rs 600, as compared to a 0.09 per cent gain in the S&P BSE