Munjal Auto up 11%
By
Research Desk
about 10 years ago
Munjal Auto Industries is doing very well today morning, currently up 11% at Rs.41.75, with volumes spiking up over 7 times. Its 52-week high is tantalizingly close at Rs.46.45.
The stock is up on the back of good numbers for Q3FY14. The company posted a 50% (YoY) jump in net profit at Rs.13.5 crore on a 24% jump in net revenue at Rs.216 crore. For 9MFY14, net profit come in at Rs.34 crore compared to the 12MFY13 net profit of Rs.39 crore; clearly, it will end FY14 on a much higher note.