Agarwal Industrial Corporation stock gains after strong Q4 numbers

The sales also increased by 46.05% to Rs453.33cr in the quarter ended March 2021 as against Rs310.40cr during the previous quarter ended March 2020.

Jun 17, 2021 04:06 IST India Infoline News Service

Shares of Agarwal Industrial Corporation net profit rose 128.20% to Rs23.71cr in the quarter ended March 2021 as against Rs10.39cr during the previous quarter ended March 2020.

The sales also increased by 46.05% to Rs453.33cr in the quarter ended March 2021 as against Rs310.40cr during the previous quarter ended March 2020.

The company has recommended a dividend of Rs1.80/- per Equity Share of the face value of Rs10/- each fully paid up for the financial year 2020-21, subject to the approval/declaration by the members of the Company, in accordance with all related regulatory provisions in this regard.

The stock ended at Rs295 up by Rs6.55 or 2.27% from its previous closing of Rs288.45 on the BSE.

The scrip opened at Rs309 and has touched a high and low of Rs309.95 and Rs293.45 respectively.

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