This Rekha Jhunjhunwala-owned stock hits all-time high, zooms 15%

Metro Brands reported a consolidated net profit of Rs 105.78 crore, while revenue grew 3.5-fold in the June 2022 quarter.

IPO-bound Metro Brands aims to utilise Rs 250 cr for store expansion
Premium

SI Reporter Mumbai
Metro Brands shares hit a fresh all-time high after they zoomed 15 per cent to Rs 735 in Monday's intra-day trade, as investors cheered strong earnings by the company.

At 11:25 AM, the stock quoted 14.3 per cent higher at Rs 730, with more than 80,000 shares having changed hands at the counter on the BSE as against the two-week average volume of around 16,000 shares. Meanwhile, the BSE Sensex was up 0.6 per cent at 57,904.

Last week, the stock surged 11 per cent, as against a 2.6 per cent rally in the BSE benchmark index.

For the quarter

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 01 2022 | 12:00 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com