RSR Mohota Spinning hits fresh 52 week high

Rai Saheb Reckhchand (RSR) Mohota Spinning & Weaving Mills gained on BSE on the closing hours of Thursday’s trade.

Sep 28, 2017 03:09 IST India Infoline News Service

Bull-vs-Bear
Rai Saheb Reckhchand (RSR) Mohota Spinning & Weaving Mills gained on BSE on the closing hours of Thursday’s trade.
 
The stock traded in its fresh 52 week high of Rs 262.95 per share on Thursday’s trade and witnessed a spurt in volume by more than 1.74 times.
 
The stock closed higher by 4.81% at Rs 254.95 per share on BSE attracting a total traded quantity of 0.87 lakh shares. The stock on yearly basis has given 188.98% returns and has outperformed BSE Smallcap index and BSE 500 index.
 
The company has delivered a growth of 7.88% over the past 5 years and has a return on equity of 7.23% for last 3 years. In the last one month, the stock soared 53% from Rs 167, as compared to 2% decline in the S&P BSE Sensex. In four months, it zoomed 246% from Rs 74 against a marginal 0.42% gain in the benchmark index.
 
The Rai Saheb Rekhchand Mohota Spinning & Weaving Mills Ltd is engaged in manufacturing of yarn and fabrics. The Company operates through Textiles segment. It operates through three product divisions: Spinning, Weaving and Processing. 

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