AGC Networks hits 52-week high, zooms 80% in three days post Q1 results

AGC Network's consolidated revenue from operations during the quarter stood at Rs 1,228 crore, as against a revenue of Rs 188 crore logged in the year-ago quarter.

Shares of AGC Networks extended their rally on Tuesday and were locked in the upper circuit band of 20 per cent for the third consecutive day at Rs 130, on the National Stock Exchange (NSE) after the company reported more than double consolidated net profit of Rs 13.6 crore in April-June quarter (Q1FY20). It had posted a profit of Rs 5.78 crore in the year-ago quarter and a net loss of Rs 98 crore in March 2019 quarter.

The stock of the IT consulting and software company has risen 80 per cent from a level of Rs 72 apiece since