Sona Comstar announced a net benefit of Rs 82.2 crore in the quarter finished June 2021 and its income was up 226% at Rs 501 crore
Sona Comstar announced a net benefit of Rs 82.2 crore in the quarter finished June 2021 and its income was up 226% at Rs 501 crore.
Sona BLW Precision Forgings share cost touched a 52-week high of Rs 559.65, rising in excess of 16% intraday on August 10 get-togethers organization detailed a net benefit of Rs 82.2 crore in the quarter finished June 2021.
The organization's income was at Rs 501 crore, growing 226% YoY. The net request book was at Rs 14,000 crore as of June 30, 2021.
"The stock has finished its two months of posting being another IPO recorded on June 21 and scaled a record-breaking high. It is holding its transient normal and moving higher with sharp volumes with positive energy in the area," said Vikas Jain, Senior Research Analyst, Reliance Securities.
"The current up move can lead the stock higher close to Rs 538 levels being 61.8 percent Fibonacci move from the lower part of Rs 333 levels post posting," he added.
The organization shares made a solid market debut, shutting 25% higher on June 24.
The stock closed the day at the day's high of Rs 362.85 on the BSE, rising 24.69 percent over the issue cost of Rs 291 and hit the 20% upper circuit contrasted with the initial cost of Rs 302.4.
Source: Money Control
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