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KRBL trades at highest levels in over 4 four months

This may seem like a minor gain for the day but the stock was trading at its highest levels in over 4 months.

September 14, 2022 11:12 IST | India Infoline News Service
KRBL Limited, one of India’s largest rice processing players, has witnessed nearly 3% surge so far in today’s trade. This is followed by biggest single-day gain achieved by the company in Tuesday’s trade since May 12, 2022.

At around 11.02 AM, the counter was trading at Rs377.45, up by 3.40% against its previous close of Rs365.05 on NSE. KRBL hit a new 52-week high in today’s trade at Rs378.95, and is chasing the highs so far.

This may seem like a minor gain for the day but the stock was trading in its highest levels in over 4 months. On Tuesday, the company witnessed exceptional trading with nearly 15% jump in the stock prices.

KRBL hit a new 52-week high in today’s trade at Rs378.95, and is chasing the highs so far.

The stock has rallied 70% in the previous three months and by more than 36% in the last month.

The firm recorded consolidated net sales of Rs1,228.23 crore for the quarter ended June 30, 2022, a 20.89% yoy increase over the previous quarter's net sales of Rs1,015.91 crore. For the most recent quarter, the firm generated a net profit of Rs164.45 crore.

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