The company last week posted a consolidated net profit of Rs 307.44 crore for the fourth quarter ended March 2021
Shares of the company have climbed 198% to Rs 5,630 on May 18 (at 10.30 am) from Rs 1,887.30 on August 17 last year. On the other hand, the benchmark BSE Sensex has gained 30% during the same period
SBI Mutual Fund also took fresh positions in Amara Raja Batteries, Barbeque Nation, Cera Sanitaryware, Fortis Healthcare, Hindustan Copper and Fortis Healthcare.
The rise in share price shows that an investment of Rs 10,000 in the tyre major would have now fetched Rs 3.47 crore
With Covid-related restrictions imposed by states hitting sales in the ongoing quarter, companies are also pinning hopes on extended summer and brighter festive season to make up for the revenue loss
Shares of the company traded 1.42% down at Rs 1395.45 at around 10.20 am (IST). On the other hand, the benchmark BSE Sensex was up 492 points, or 1.01%, at 49,225 at around the same time.
PNB Housing Finance, Chennai Petroleum Corporation and Jindal Stainless stood among companies which managed to report profits in Q4FY21 after registering losses in Q4FY20
Nandan Denim, Kingfa Science, Chaman Lal Setia, Venky’s India, Jaiprakash Power Ventures and Stovec stood out among companies which rallied more than 30% last week
ICICI Securities continues to believe in the inherent strength of Asian Paints considering its 80 years old business legacy, strong balance sheet and its supply chain networks
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