Shares of Nahar Spinning Mills have soared to a 1 year high. Know why
Advertisement
Advertisement
Shares of Nahar Mills said its first quarter Net Profit stood at 26.4 crore rupees compared with a loss of 11.5 crore rupees in the same quarter a year ago. Sales during April-June fell 3 percent to 513 crore rupees from 528 crore rupees in the year ago period. Nahar Mills said its raw material costs fell to 280 crore rupees from 344 crores, a drop of 18.6 percent over one year.
As a consequence, Nahar Mills surged 19.15 rupees, or 15 percent, to 146.55 rupees, its highest since July 2014, on the National Stock Exchange, where 4.36 lakh shares were traded by 11:10 am compared with the 5-day average of 2.47 lakh shares.
Nahar Mill's market capitalisation has remained flat at 528 crore rupees over the past one year.
image credit: Indiatimes
Advertisement
Advertisement
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
- Electric two-wheeler sales crater in April 2024 as prices increase amid reduced subsidies
- Apple clinches strong double-digit growth in India; CEO says incredibly exciting market
- Nifty hits record peak in early trade; Bajaj Finance jumps 6%
- Carbon Credits and Trading
- Rupee jumps 9 paise to 83.37 against US dollar in early trade