BPL stock gains over 100% in last one month on higher volumes1 min read . Updated: 21 Sep 2016, 03:50 PM IST
In intraday, the BPL stock touched a high of `74.15a level last seen on 19 February 2008 and rose as much as 17.5%
Mumbai: Shares of BPL Ltd gained over 100% in last one month on the back of higher volumes. The stock hit over an eight-and-half year high.
In intraday, the stock touched a high of ₹ 74.15—a level last seen on 19 February 2008 and rose as much as 17.5%.The stock gained in 17 out of 24 trading sessions. The stock touched a low of ₹ 36.80 on 4 August and since then it gained 101.5%. So far this year it gained 86%.
India’s benchmark Sensex Index fell 0.10% or 32.15 points to 28,493.72 points.
In June quarter, the company posted a net profit of ₹ 54.17 crore, up 302.45% from ₹ 13.46 crore a year ago. Net sales jumped 146.57% to ₹ 5.83 crore.
BPL Ltd manufactures electronic devices. The company offers home appliances, audio systems,DVD players, televisions, video tape recorders, digital cameras, alkaline batteries, refrigerators, washing machines, computer monitors, electrocardiographs, soft energy products, patient monitoring, and speaker systems, as well as digital signaling equipment.