This Inventory Hits Higher Circuit (Picture Supply: iStockphoto)
Shares of Gujarat Toolroom, a inventory beneath Rs 20, rose to the two% higher circuit at Rs 12.16 for a second consecutive session on Tuesday, 12 November, following the corporate’s sturdy Q2FY25 earnings report.
The corporate posted a considerable enhance in internet revenue, which soared to Rs 26.78 crore within the quarter ending September 2024, a pointy rise from Rs 2.4 crore in the identical interval final yr, and an 18% enhance from ₹22.73 crore within the earlier June quarter.
The corporate’s whole revenue for the quarter reached Rs 271 crore, marking a 73% year-on-year rise from Rs 156.7 crore and a slight sequential progress of two.5% from Rs 264.35 crore. The Earnings Per Share (EPS) additionally confirmed important enchancment, as much as Rs 4.82 in Q2FY25, in comparison with Rs 4.09 in Q1FY25 and simply Rs 0.43 in Q2FY24.
Gujarat Toolroom just lately completed delivering constructing provides for initiatives at Reliance Industries Ltd.’s amenities as a part of an order for Rs 290 million. This order, which was acquired in March 2024 and accomplished by the center of October.
Moreover, Gujarat Toolroom has strengthened its relationship with one among India’s largest conglomerates by securing a further Rs 310 million order from Reliance Industries, rising the general order worth to Rs 600 million.
The 52 week excessive and low of the share is Rs 45.97 and Rs 10.75 respectively.
(Disclaimer: The above article is supposed for informational functions solely, and shouldn’t be thought of as any funding recommendation. Instances Now Digital suggests its readers/viewers to seek the advice of their monetary advisors earlier than making any cash associated choices.)
#Firm #Baggage #Order #Reliance #Inventory #Hits #Higher #Circuit #Outcomes
#Firm #Baggage #Order #Reliance #Inventory #Hits #Higher #Circuit #Outcomes
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