Avadh Sugar & Energy hits 52-week high, jumps over 100% in four months

The stock hit a 52-week high of Rs 737 in today's trade and has rallied 64% in the past month after the company announced a 1:1 bonus issue.

Shares of Avadh Sugar & Energy rallied 10 per cent to hit a 52-week high of Rs 737 in the intra-day session on Tuesday. The stock has jumped 109 per cent over the past four months on improved earnings.

In the last one month, the stock has surged 64 per cent after the company announced 1:1 bonus and reported record quarterly profit of Rs 85 crore in March quarter of the financial year 2018-19 (Q4FY19). In comparison, the S&P BSE Sensex was up 3.3 per cent during the period.

Avadh Sugar & Energy had posted a net profit of Rs