Shares of Kohinoor Foods are soaring. Know why
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Kohinoor said its first quarter net profit rose 18 percent to 5.25 crore rupees compared with 4.45 crore rupees in the same quarter a year ago. Sales during April-June slipped 13 percent to 284.1 crores versus 329 crores, the company said in a release to the exchanges.
Kohinoor rose 1.25 rupees, or 2.8 percent, to 45.35 rupees on the National Stock Exchange.
Kohinoor's market capitalisation has slipped 6 percent in one year to 155 crore rupees. Kohinoor trades at 0.42 times its book value of 105.9 rupees.
Image credit: Indiatimes
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