Kesar Enterprises zooms 90% in four trading days post Q4 results

The stock was up 10% at Rs 112, also its fresh 52-week high on BSE at 11:41 am;

Kesar Enterprises is locked in upper circuit for the fourth straight trading day, up 10% at Rs 112, also its fresh 52-week high on BSE, after the company reported a strong set of numbers in March quarter (Q4FY17).

In past four trading days, the stock zoomed 90% from Rs 59.05 on Friday, May 19, 2017, as compared to 0.56% decline in the S&P BSE Sensex.

Kesar Enterprises had reported a net profit of Rs 40.89 crore in Q4FY17, on the back of healthy growth in operation income. The sugar company recorded a net loss of Rs 1.43 crore