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Kokuyo Camlin spurts after Q2 net profit almost doubles

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Capital Market 

Kokuyo Camlin surged 8.85% to Rs 67.65 after net profit jumped 97% to Rs 1.91 crore on a 3.94% decrease in total revenue from operations to Rs 136.43 crore in Q2 September 2019 over Q2 September 2018.

The result was announced during market hours today, 16 October 2019.

Meanwhile, the S&P BSE Sensex was down 43 points or 0.11% to 38462.93.

On the BSE, 34,478 shares were traded in the counter so far compared with average daily volumes of 2,802 shares in the past two weeks. The stock hit a high of Rs 70.05 and a low of Rs 62.7 so far during the day.

The stock hit a 52-week high of Rs 125 on 15 Oct 2018. The stock hit a 52-week low of Rs 58.05 on 23 Aug 2019.

Kokuyo Camlin, formerly known as Camlin, is a stationery company. Kokuyo of Japan holds 74.44% stake in Kokuyo Camlin. Camlin manufactures art materials, marker pens, fountain pens, inks, pencils, and other stationery products.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, October 16 2019. 14:51 IST