Vadilal Industries surges 22% in 4 days post Q1 results, hits 52-week high

Vadilal Industries reported a 16 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 38 crore on the back of higher sales

Shares of Vadilal Industries were trading higher for the fourth straight day, up 4 per cent at Rs 682 on the BSE on Wednesday after the company reported a good set of numbers for the April-June quarter (Q1FY20). The stock was trading at its 52-week high levels. In the past four trading days, it has rallied 22 per cent, as compared to a 3 per cent rise in the S&P BSE Sensex.

Vadilal Industries, which manufactures and sells ice creams, reported a 16 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 38 crore on the back