Goodricke Group surges 6% post Q1 results
The company is engaged in the business of cultivation, manufacture and sale of tea.
By ETMarkets.com | Updated:
Shares of Goodricke Group climbed over 6 per cent on Tuesday after the company reported 54.55 per cent rise in net profit at Rs 22.24 crore for the quarter ended June 30, 2017 against Rs 14.39 crore in the corresponding quarter last year.
Total income increased to Rs 154.89 crore in Q1FY18 over Rs 126.89 crore in Q1FY17. The scrip closed 6.62 per cent up at Rs 239.10.
The result was announced after market hours on Monday.
Robust volumes were seen on the counter in morning trade. On the BSE, 32,000 shares were traded on the counter so far as against the average daily volumes of 8738 shares in the past two weeks.
Shares of the company had hit 52-week high of Rs 306.75 on February 27, 2017 and 52-week low of Rs 165.75 on August 8, 2016.
The company is engaged in the business of cultivation, manufacture and sale of tea.
Total income increased to Rs 154.89 crore in Q1FY18 over Rs 126.89 crore in Q1FY17. The scrip closed 6.62 per cent up at Rs 239.10.
The result was announced after market hours on Monday.
Robust volumes were seen on the counter in morning trade. On the BSE, 32,000 shares were traded on the counter so far as against the average daily volumes of 8738 shares in the past two weeks.
Shares of the company had hit 52-week high of Rs 306.75 on February 27, 2017 and 52-week low of Rs 165.75 on August 8, 2016.
The company is engaged in the business of cultivation, manufacture and sale of tea.
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