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There has been good news regarding Responsive Industries, a company that has been giving quick returns to its investors in the stock market. The company has got work related to Vande Bharat project. After this news, the share price of the company has seen a jump of more than 3 percent on Tuesday. After which the share price of Responsive Industries reached an intra-day high of Rs.248.
A statement issued by the company said, “Responsive Industries seeks to provide premier quality solutions in close association with Integral Coach Factory. It is our endeavor that Vande Bharat Train sets a benchmark for railway transport in modern times.
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Double money in 8 months
Investors who bet on Responsive Industries earlier this year have increased holdings by 102 percent so far. That means investors’ money has doubled in just 8 months. The good thing from the investor’s point of view is that the share price of the company has seen a jump of over 21 percent in just one month.
Quarterly accounts and strong
The first quarter of the current financial year has been excellent for Responsive Industries. The company’s profit after tax during April to June was Rs. 5.9 crores. Year-on-year profit of the company has seen a jump of 229 percent. Let us tell you that the profit of the company in the same quarter a year ago was Rs 1.8 crore.