Friday, 26 May 2017

Kesar Enterprises zooms 10% on strong Q4

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Shares of Kesar Enterprises rallied 10 per cent on the Bombay stock Exchange after the company reported net profit of Rs 40.89 crore in Q4FY17, compared to net loss of Rs 1.43 crore in the corresponding quarter of previous fiscal, driven by rise in operating income. Extending previous session rally, shares of the company gained as much as 10 per cent to hit intra-day high of Rs 112.20 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 112.20 against previous close price of Rs 102.00. In a similar fashion, stocks of firm were trading 9.97 per cent higher at Rs 110.85 apiece on the National Stock Exchange.

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