Nestle, Endurance Tech stocks gain after result announcement

Shares of Endurance Technologies rose 2%, while those of Nestle India gained 1% after announcing respective March quarterly results.

May 15, 2019 05:05 IST India Infoline News Service

Shares of Endurance Technologies rose 2% in the late morning trade on  Wednesday after the company’s net profit rose 27.75% to Rs148.65cr in the quarter ended March 2019 as against Rs116.36cr during the previous quarter ended March 2018.

The company's sales also rose by 9.55% to Rs1,900.36cr in the quarter ended March 2019 as against Rs1,734.76cr during the previous quarter ended March 2018.

Endurance Technologies Ltd is currently trading at Rs1,166.95, up by Rs25 or 2.19%, from its previous closing of Rs1,141.95 on the BSE. The scrip opened at Rs1,179.75 and has touched a high and low of Rs1,183.70 and Rs1,165.20, respectively.

Also, Nestle India reported a 9.25% yoy growth in net profit at Rs463.28cr for the first quarter ended March 31, 2019. The company's revenue from operations rose 8.91% to Rs3,003cr from Rs2,757.24cr in the corresponding quarter last year.

Nestle India Ltd is currently trading at Rs10,366.15, up by Rs151.45 or 1.48%, from its previous closing of Rs10,214.70 on the BSE. The scrip opened at Rs10,386.15 and has touched a high and low of Rs10,501.95 and Rs10,250, respectively.

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