Max Ventures and Industries jumps on Q1 profit

Reuters August 9 | Updated on August 09, 2019 Published on August 09, 2019

Shares of Max Ventures and Industries Ltd jumped as much as 15.6 per cent to Rs 44.8, their biggest intra-day per cent gain since December 14, 2018.

The company, which primarily operates in the manufacturing and real estate areas, posted June-quarter profit of Rs 24.18 crore ($3.43 mln) against a loss of Rs 8 crore in the previous year.

The company's revenue more than doubled to Rs 426 crore. Up to last close, the stock was down 27.2 per cent this year ($1 = 70.5350 rupees).

Published on August 09, 2019
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.