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Deeptha Rajkumar

The stock of Adlabs Films Ltd remained range-bound on the BSE, ending the day 0.97 per cent up at Rs 292.90.

Analysts maintain that the recent fall is not justified given the company fundamentals. The counter has lost ground by almost 25 per cent month-on-month on the BSE. As per reports, post two rounds of equity infusion, the company is sitting on almost Rs 390 crore surplus cash. This could be used in deployment of new businesses growth opportunities. This, according to analysts, would be the key trigger, as it will boost the earnings prospects.

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