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.
Also Read: SBI Q2 Results: Net Profit Jumps 14% To Rs 23,038 Crore, Revenue Rises
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 as compared to Rs 9.48 crore in the corresponding quarter a year ago.
Metric (Q2 FY27) | Value |
|---|---|
Net Profit | ₹11.47 crore (+21% YoY) |
Revenue from Operations | ₹607.98 crore |
Profit Before Tax (PBT) | ₹9.56 crore |
Diluted EPS | ₹0.08 |
H1 FY27 Total Operating Revenue | ₹1,230.37 crore |
Stock Market Today
Indian stock market continued its winning streak for the fourth day in a row on Tuesday, November 3. Sensex, the 30-share BSE index, settled at 76,917.85, jumping 1,225.07 points, or 1.62 per cent.
Today’s rally was driven by a sharp correction in crude prices and renewed buying from foreign investors.
Disclaimer: This story is for informational purposes only. It should not be considered investment advice.