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
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