This stock zoomed 65% in 3 trading days after signaling the recovery in S1FY22
Responsive Industries has seen a phenomenal rally over the past three trading days after the company announced its quarterly and semi-annual figures for the period ending September 2021 on December 28, 2021.
The stock climbed 65.1% from Rs 106.85 (closing price on December 28) to an intraday high of Rs 176.50 today.
As of 11 a.m., the stock was up 16.3% to Rs 175.20, supported by a volume of 1.84 shares compared to its two-week average traded volume of around 82,000 shares on BSE. Meanwhile, Sensex BSE increased 0.7% to 58,174.
According to the press release released by the company to ESB, for the half-year ended September 2021. The company announced a recovery with a net profit of Rs 6.60 crore against a net loss of Rs 4.13 crore for the half-year ended in September. 2020. Total income increased 14.7% to Rs 180.93 crore from Rs 157.72 crore during the same period mentioned above.
However, on a quarterly basis, the company’s net profit for the quarter ended September 2021 decreased 16% to Rs 4.85 crore from the reported profit of Rs 5.77 crore in the September 2020 quarter. total, however, was more or less similar around Rs 110 crore.