 "A new home for BPL")
BPL has rallied 13% to Rs 80, extending its 42% surge in the past six trading sessions on the BSE, on the back of heavy volumes.
The stock of consumer electronics company was trading at its 52-week high level on the BSE. Post April-June (Q1FY17) quarter results the stock appreciated 116% from Rs 37 on August 10, 2016.
BPL had reported a standalone net profit of Rs 54.17 crore for Q1F17 on back of higher other income of Rs 55 crore. It posted profit of Rs 13.46 crore in Q1FY16.
Total income from operations of the company during the quarter under review more than doubled to Rs 15.83 crore from Rs 6.42 crore in the corresponding quarter of previous fiscal. It reported EBITDA (earnings before interest, taxes, depreciation and amortization) of Rs 5 lakh against loss of Rs 41 lakh.
At 01:20 pm, the stock was up 7% at Rs 76.50 on back of two-fold jump in trading volumes. A combined 5.9 million shares representing 12% of total equity of BPL changed hands on the BSE and NSE so far.
The stock of consumer electronics company was trading at its 52-week high level on the BSE. Post April-June (Q1FY17) quarter results the stock appreciated 116% from Rs 37 on August 10, 2016.
BPL had reported a standalone net profit of Rs 54.17 crore for Q1F17 on back of higher other income of Rs 55 crore. It posted profit of Rs 13.46 crore in Q1FY16.
Total income from operations of the company during the quarter under review more than doubled to Rs 15.83 crore from Rs 6.42 crore in the corresponding quarter of previous fiscal. It reported EBITDA (earnings before interest, taxes, depreciation and amortization) of Rs 5 lakh against loss of Rs 41 lakh.
At 01:20 pm, the stock was up 7% at Rs 76.50 on back of two-fold jump in trading volumes. A combined 5.9 million shares representing 12% of total equity of BPL changed hands on the BSE and NSE so far.
