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Columns - Ear to the ground
Raunaq Auto turns active

Raunaq Auto saw higher traded volumes on the BSE at 40,427 shares (fortnightly average 22,618 shares) and 10 per cent gain on confirmation of its earnings momentum. The company has reported a jump in profit by around 100 per cent on a turnover increase of 80 per cent indicating expansion of margin in the September quarter.

According to market sources, a group of value investors are accumulating the stock betting on quantum growth in topline and bottomline in the next few quarters.

Jayanta Mallick

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