Nava Bharat Ventures zooms 33% in 4 days on robust Q4 results

The company reported robust growth in its operations, backed by solid traction in manganese alloy business in both export and domestic markets.

Shares of Nava Bharat Ventures hit over four-year high of Rs 180.95, after rallying 20 per cent on the BSE in Thursday’s intra-day trade in an otherwise weak market, spurred by heavy volumes. In the past four trading days, the stock has zoomed 33 per cent after the company reported an all-round record performance for the quarter ended March 2022. The board also declared dividend of 300 per cent or Rs 6 per equity share, the highest since inception.

The stock of the company, with diversified businesses in metals, energy, mining, healthcare and commercial agriculture, traded at its highest