The shares of small-cap textile company Nandan Denim Limited remained in focus during the trading session on Tuesday, November 3, trading in the green and rising over 11 per cent after the company announced earnings reports for the July-September quarter.
The smallcap stock started the session in negative territory at Rs 2.45 as compared to last day’s closing of Rs 2.51 despite a massive uptick in the domestic stock market. However, the Nandan Denim shares recovered from the losses, gaining momentum and touching the intraday high of Rs 2.80, surging 11.5 per cent.
At closing, the stock settled at 2.70, up 7.57 per cent or Rs 0.19 on NSE.
Q2 Earnings Report
The Textile company reported a 21 per cent year-on-year (YoY) jump in net profit for the second quarter to Rs 11.47 crore.
This is a developing story..