Stocks

KRBL rises after strong growth in Q1 profit

Reuters Bengaluru | Updated on August 02, 2019 Published on August 02, 2019

The shares of KRBL on Friday were up as much as 8.5 percent to ₹247.65.

The basmati rice processor posted 35.4 percent jump in June-quarter profit to ₹136 crore ($19.63 million) against ₹100 crore. Its revenue jumped 64 percent to ₹1,218 crore. The stock's PE is at 10.68, well below sector average of 67.85.

The shares are down 19 percent this year, as of last close.

Published on August 02, 2019
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