 "Manugraph India up 10% for third day on robust Q2 results")
Manugraph India has locked in upper circuit for third straight day, up 10% at Rs 51.60, also its fresh 52-week high on the BSE, after the company posted nearly five-fold jump in net profit for the quarter ended September 2015 (Q2FY16).
The small-sized company engaged in industrial machinery business has reported net profit of Rs 9.31 crore for Q2FY16 against profit of Rs 1.98 crore in the year ago quarter. Net sales of the company increased 40% at Rs 87.55 crore on year on year basis.
The operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit jumped from Rs 2.36 crore to Rs 10.92 crore during the recently concluded quarter.
Post Q2 results, the stock zoomed 45% in past three trading sessions from Rs 35.60 on October 26, as compared to 1.4% fall in the Sensex.
Till 10:29 am, a combined 681,803 shares changed hands and there were pending buy orders for 147,871 shares on the BSE and NSE.
The small-sized company engaged in industrial machinery business has reported net profit of Rs 9.31 crore for Q2FY16 against profit of Rs 1.98 crore in the year ago quarter. Net sales of the company increased 40% at Rs 87.55 crore on year on year basis.
The operating or earnings before interest, tax, depreciation and amortization (EBITDA) profit jumped from Rs 2.36 crore to Rs 10.92 crore during the recently concluded quarter.
Post Q2 results, the stock zoomed 45% in past three trading sessions from Rs 35.60 on October 26, as compared to 1.4% fall in the Sensex.
Till 10:29 am, a combined 681,803 shares changed hands and there were pending buy orders for 147,871 shares on the BSE and NSE.
