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Stock of this iron & steel products company has zoomed 103% in 4 months

Thus far in the calendar year 2023, the stock price of Goodluck India has skyrocketed nearly 130 per cent, as compared to 4.6 per cent rise in the S&P BSE Sensex

Sensex, Nifty, stock brokers

Sensex, Nifty, stock brokers

SI Reporter Mumbai

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Shares of Goodluck India hit a record high of Rs 859, up 4.4 per cent on the BSE in Monday's intraday trade, after the company reported a strong 70.5 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 34.69 crore in the September quarter (Q2FY24).

The company, which specialises in engineered steel products manufacturer catering to automobile, aerospace, oil & gas, T&D, defence, solar and overall infrastructure space, had posted a profit of Rs 20.35 crore in the year ago quarter.

Total income from operations grew 13.7 per cent YoY to Rs 885.99 crore, as

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First Published: Oct 30 2023 | 1:07 PM IST

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