 "Mold-Tek Technologies hits new high; zooms 80% in one-month")
Shares of Mold-Tek Technologies has soared 16% to Rs 229, extending its month long rally on BSE, after reporting a more than 100% growth in its consolidated net profit for the third quarter ended December 31, 2014 (Q3).
The stock hit a record high of Rs 232 in intra-day trade today. It rallied 80% in past one month from Rs 129 on February 12, 2015 post Q3 results. The S&P BSE Sensex gained a marginally by 0.19% during the period.
Till 1027 hours, as many as 66,000 equity shares already changed hands against an average 22,000 shares that were traded daily in past two weeks on BSE.
The company engaged in BPO (Business Process Outsourcing) and KPO (Knowledge Process Outsourcing) business had posted 110% year on year jump in its consolidated net profit at Rs 1.52 crore in October-December quarter. It had profit of Rs 0.73 crore in the same quarter previous year.
Announcing the results, Mr J Lakshmana Rao, chairman and managing director of the company said, improvement in US economic activity is reflected in increasing demand for the company’s civil/structural, MES (Manufacturing Execution Systems) and IT services.
During the quarter under review, the company added 4 new clients in IT space and several new fabricators and builder in civil/structural services.
The company said, it is partnering with few European and American IT companies to enhance its reach and revenues.
The stock hit a record high of Rs 232 in intra-day trade today. It rallied 80% in past one month from Rs 129 on February 12, 2015 post Q3 results. The S&P BSE Sensex gained a marginally by 0.19% during the period.
Till 1027 hours, as many as 66,000 equity shares already changed hands against an average 22,000 shares that were traded daily in past two weeks on BSE.
The company engaged in BPO (Business Process Outsourcing) and KPO (Knowledge Process Outsourcing) business had posted 110% year on year jump in its consolidated net profit at Rs 1.52 crore in October-December quarter. It had profit of Rs 0.73 crore in the same quarter previous year.
Announcing the results, Mr J Lakshmana Rao, chairman and managing director of the company said, improvement in US economic activity is reflected in increasing demand for the company’s civil/structural, MES (Manufacturing Execution Systems) and IT services.
During the quarter under review, the company added 4 new clients in IT space and several new fabricators and builder in civil/structural services.
The company said, it is partnering with few European and American IT companies to enhance its reach and revenues.