Mukta Arts up 15 per cent after reporting profits in Q2

Shital Jibhe / 30 Nov 2017

Mukta Arts up 15 per cent after reporting profits in Q2

The share price of Mukta Arts surged by 15 per cent to Rs. 108.8 per share, up Rs. 14.25, in early trade on Thursday on the BSE as the company's second quarter result turned out to be profitable.

The share price of Mukta Arts surged by 15 per cent to Rs. 108.8 per share, up Rs. 14.25, in early trade on Thursday on the BSE as the company's second quarter result turned out to be profitable.
 
The company reported a net profit of Rs. 9.4 crore as against a loss of Rs. 4.9 crore in the previous fiscal.
 
The company’s revenue also increased by 43 per cent to Rs. 37 crore as against Rs. 25.91 crore in the previous year. The company has also reported EBITDA at Rs. 8.7 crore against a loss of Rs. 5 lakh.
 
The share of Mukta Arts touched its 52-week high at Rs. 120 on 22 June 2017 and 52 week low at Rs. 76.50 on 11 August 2017.

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