Man Industries jumps over 5%

Man Industries is doing pretty well today, going up over 5.2% to Rs.85.60 though it now hovering near the day’s low point.

The market has given its Q2FY19 numbers a thumbs up. The company’s sales showed a sharp 182% (YoY) jump at Rs.803 crore and net profit surged 63% at Rs.15 crore. Lower base effect and operational efficiencies, both helped post these good numbers.

Operating profit rose 70% at Rs.55 crore.