Gravita emerges victorious in volatile market
DSIJ Intelligence / 05 Jul 2016
Gravita, the small cap stock in the volatile market has gained over 14 per cent. The Sensex over the day on July 5 has lost almost over 100 points. The stock in the last 5 days has gained over 24 per cent. However, in the last 6 months the shares have lost by more than 28 per cent.
Gravita, the small cap stock in the volatile market has gained over 14 per cent. The Sensex over the day on July 5 has lost almost over 100 points. The stock in the last 5 days has gained over 24 per cent. However, in the last 6 months the shares have lost by more than 28 per cent.The shares high/low stands at Rs 37.50/16.
The company in Q4FY16, managed to post a strong top line growth of 15 per cent. However, failed to post green bottom line. In Q4, the company reported a loss of 0.21, however the net loss has narrowed as compared to Q4FY15. Looking at the various reforms from the government the company is expected to turn profitable in Q1FY17.
Gravita India Ltd., is one of the largest lead producer in India established in the year 1992 at Jaipur.The company has a business interest in manufacturing lead metal, lead oxide and lead products.
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