 "Aptech surges over 25% in four trading days post Q2 results")
Aptech hit a fresh 52-week high of Rs 225, up 8%, extending its past three day rally on BSE, after the company posted nearly three-fold jump in net profit for the quarter ended September 30, 2016 (Q2FY17). Since October 19, the stock surged 29% as compared to 0.39% rise in the S&P BSE Sensex.
The company engaged in business of providing learning solutions reported a consolidated net profit of Rs 7.17 crore for Q2FY17 against Rs 2.75 crore in the corresponding quarter year ago.
EBITDA (earnings before interest, taxes, depreciation, and amortization) margin improved to 21.8% during the quarter under review from 12.7% in year ago quarter.
On Monday, October 24, Jagartius Universal had purchased 289,800 shares representing 0.73% stake in Aptech through open market. Jagartius Universal bought these shares at price of Rs 198.96 per share on NSE, the bulk deal data shows.
Meanwhile, the promoters of the company have increasing their stake via creeping acquisition route. The total holding of the promoters in Aptech increased to 49.30% in September quarter from 45.28% at the end of June quarter, the shareholding pattern data shows.
In past three months, the stock appreciated 208% from Rs 73 on July 25, against a marginal 0.02% rise in the benchmark index.
The company engaged in business of providing learning solutions reported a consolidated net profit of Rs 7.17 crore for Q2FY17 against Rs 2.75 crore in the corresponding quarter year ago.
EBITDA (earnings before interest, taxes, depreciation, and amortization) margin improved to 21.8% during the quarter under review from 12.7% in year ago quarter.
On Monday, October 24, Jagartius Universal had purchased 289,800 shares representing 0.73% stake in Aptech through open market. Jagartius Universal bought these shares at price of Rs 198.96 per share on NSE, the bulk deal data shows.
Meanwhile, the promoters of the company have increasing their stake via creeping acquisition route. The total holding of the promoters in Aptech increased to 49.30% in September quarter from 45.28% at the end of June quarter, the shareholding pattern data shows.
In past three months, the stock appreciated 208% from Rs 73 on July 25, against a marginal 0.02% rise in the benchmark index.
