Khadim India hits fresh 52-week high, zooms 51% in a week

In Q4FY21, EBITDA & PAT turned positive at Rs 14.09 crore and Rs 11.52 crore respectively, compared with losses in the corresponding quarter last year

Shares of Khadim India continued their upward movement in Wednesday's session and hit a fresh 52-week high of Rs 286.50, up 19 per cent on the BSE in intra-day trade on expectation of improved earnings.

The stock of the footwear company was trading at its highest level since September 2019. In the past one week, it has zoomed 51 per cent, as compared to a 0.14 per cent rise in the S&P BSE Sensex. The stock had hit an all-time low of Rs 60.20 on March 20, 2020.

In the January-March quarter (Q4FY21), the company’s Ebitda (earnings before interest, taxes, depreciation, and