Shares of Finolex Industries are the highest they've been in 10 months. Know why
Advertisement
Advertisement
Advertisement
Shares of Finolex Industries Ltd., a maker of Finolex said its first quarter Net Profit rose 40 percent to 70.2 crore rupees compared with 50.2 crore rupees in the same quarter a year ago. Sales during April-June fell 4.4 percent to 633.4 crore rupees from 662.7 crore rupees in the year ago period.
Finolex rose 13 rupees, or 5 percent to 298 rupees, its highest since Nov 13th, on the National Stock Exchange, where 7.22 lakh shares were traded by 2:40 pm compared with the 5-day average of 46,000 shares.
Finolex's market capitalisation has risen 13 percent in the past one year to 3,770 crore rupees.
Image credit: Indiatimes
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley