Meghmani Organics has been outperforming the market although the benchmark indices were trading in the negative territory. The stock has hit a record high of Rs 74.50 during Friday’s trading session on the BSE.
The stock was trading up by 14.98% at Rs 75 per share on BSE at 1516 hours. It opened at Rs 65.95 per share.
In the last two weeks, the stock of specialty chemicals has rallied 47% from Rs 50.85 on August 4, after the company posted a healthy 74% year-on-year (YoY) growth in net profit at Rs 32.9 crore in June quarter (Q1FY18). It had profit of Rs 18.8 crore in the same quarter year ago. It attracted total traded volume of 2,08,99,084 shares and traded value of Rs 14,972 lakh on NSE at 1521 hours.
Meanwhile, benchmark indices Nifty was trading down by 62.40 points at 9,841 levels and Sensex was trading lower by 254 points at 31,540 levels at 1520 hours..
The stock was trading up by 14.98% at Rs 75 per share on BSE at 1516 hours. It opened at Rs 65.95 per share.
In the last two weeks, the stock of specialty chemicals has rallied 47% from Rs 50.85 on August 4, after the company posted a healthy 74% year-on-year (YoY) growth in net profit at Rs 32.9 crore in June quarter (Q1FY18). It had profit of Rs 18.8 crore in the same quarter year ago. It attracted total traded volume of 2,08,99,084 shares and traded value of Rs 14,972 lakh on NSE at 1521 hours.
Meanwhile, benchmark indices Nifty was trading down by 62.40 points at 9,841 levels and Sensex was trading lower by 254 points at 31,540 levels at 1520 hours..
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