Read on the application
On Wednesday, the shares of Ecoboard Industries Limited hit an upper circuit of 20 percent. After which the prices of the company reached the level of 24.49 rupees. This was the second day in a row that the company’s share price hit the upper circuit. Let us tell you that on August 22, Ecoboard Industries told the stock market that they have got a job worth crores of rupees.
The company got work worth Rs.24 crore
The company has said in the information provided to the stock market that they have received many work orders. The cost of which is 24 crores. This news has given wings to the shares of the company. After which the demand for shares suddenly increased.
The company is paying a dividend of Rs 42 per share on record date today
How is the stock market performing?
The share price of the company has seen an increase of more than 17 percent in the last one month. At the same time, investors who bet on this stock 3 months ago have gained more than 29 percent so far. However, investors who bought the stock a year ago have lost 15.80 percent during the holding so far.
180 times subscription, loot to buy IPO, price Rs. 83
Know this before investing
The total revenue of the company in the June quarter was Rs. 3.7 crores. In the same quarter last year, the company’s revenue was Rs. 17.8 crores. The impact of declining revenue is clearly visible on the profits of Ecoboard Industries Limited. In the first quarter of the current financial year, the company made Rs. 3.2 crore net loss. While in the same quarter a year ago, the company had Rs. 1.8 crore profit was made.