Virinchi Ltd. shoots up by more than 9%, breaches upper circuit
DSIJ Intelligence / 29 Aug 2017
IT player Virinchi Ltd. was on a roll at the bourses during Tuesday’s trade with the stock breaching the upper circuit at Rs 82.40 per share, up by Rs 7.45 or 9.94% on the BSE as against its previous close of Rs 74.95.
IT player Virinchi Ltd. was on a roll at the bourses during Tuesday’s trade with the stock breaching the upper circuit at Rs 82.40 per share, up by Rs 7.45 or 9.94% on the BSE as against its previous close of Rs 74.95. The stock has gained nearly 20% in the past four trading sessions.
It hit its 52-week high of Rs 131.50 on April 10, 2017 and 52-week low of Rs 50.10 on August 29, 2016, on the BSE. On Monday the company had reported its consolidated unaudited financial results for the quarter ended June 30, 2017. The revenue from operations was Rs 83.85 crore for the quarter, higher by 51.12% as compared to the previous year’s revenue for the same quarter. The net profit also jumped by nearly 73% on a YoY basis.
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