Mangalam Organics hits 20% upper circuit

The company reported a net profit of Rs.90.31 lakh in June quarter.

Jul 08, 2016 10:07 IST India Infoline News Service

Mangalam Organics Ltd has hit 20% upper circuit to Rs.30.45. The company reported a net profit of Rs.90.31 lakh in June quarter.

The scrip opened at Rs. 29.4 and touched a high and low of Rs. 30.45 and Rs. 27.15 respectively. A total of 173645(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 22.99 crore.
The BSE group 'XD' stock of face value Rs. 10 touched a 52 week high of Rs. 30.5 on 03-Aug-2015 and a 52 week low of Rs. 14.2 on 24-Sep-2015. Last one week high and low of the scrip stood at Rs. 27.6 and Rs. 21.5 respectively.
The promoters holding in the company stood at 46.89 % while Institutions and Non-Institutions held 0.03 % and 53.08 % respectively.
The stock traded above its 50 DMA.

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