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Mahindra Holidays gains after strong Q4 earnings

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Capital Market

Mahindra Holidays & Resorts India was up 1.66% to Rs 427.60 at 9:53 IST on BSE after net profit rose 208% to Rs 32.09 crore on 26.2% growth in net sales to Rs 234.37 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 17 May 2016.

Meanwhile, the S&P BSE Sensex was down 190.31 points or 0.74% at 25,583.30.

On BSE, so far 16,000 shares were traded in the counter as against average daily volume of 4,061 shares in the past two weeks. The stock hit a high of Rs 437.80 and a low of Rs 426.90 so far during the day. The stock had hit a 52-week high of Rs 474.95 on 23 December 2015. The stock had hit a 52-week low of Rs 231.70 on 6 June 2015.

 

The mid-cap company has equity capital of Rs 88.78 crore. Face value per share is Rs 10.

Mahindra Holidays & Resorts India is a part of the leisure and hospitality sector of the Mahindra Group.

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First Published: May 18 2016 | 9:50 AM IST

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