Stock market news: BLB Limited shares rise more than 8 percent – everything you need to know
Last seen, the stock was trading in the green at Rs 23.25 on the BSE. The stock’s current market price (CMP) is trading above the 5-, 10-, and 20-day moving averages as of December 22, 2023.
Stock market news: Shares of BLB Limited witnessed a jump of over 8 percent on Friday. The counter opened at Rs 23.27 before hitting an intraday high of Rs 25. The 52-week high of BLB Limited stock is Rs 38, while the 52-week low is Rs 18.10.
Last seen, the stock was trading in the green at Rs 23.25 on the BSE. The stock’s current market price (CMP) is trading above the 5-, 10-, and 20-day moving averages as of December 22, 2023.
Over the past three years, the company has achieved a multibagger return of approximately 310.78 percent.
The company is listed on both the BSE and the National Stock Exchange of India Limited (NSE).
On a standalone basis, the company reported a net income of Rs 25.30 crore in the quarter ended September 2023. This was down from net income compared to Rs 41.15 crore in the quarter ended September 2022.
Net expenses reached Rs 23.27 crore, which stood at Rs 38.26 crore in the year-ago quarter. The company said EBIT stood at Rs 2.03 crore in Q2FY24, compared to Rs 2.89 crore in Q2FY23. Net profit stood at Rs 1.23 crore in the second quarter of the current fiscal, which was Rs 2.02 crore in the same quarter of FY23.
Disclaimer: The article is for information purposes only and not for investment advice.