Tilaknagar Industries’ stock soared more than 12% in early trading following the release of its impressive Q2 FY2024 financial results.
The company’s net profit saw a remarkable 57.21% jump, reaching ₹58.23 crore in Q2 FY2024, compared to ₹37.04 crore in the same period last year. Sales also showed an upward trend, increasing by 5.78% to ₹374.86 crore from ₹354.39 crore year-over-year.
Investors have shown renewed confidence in Tilaknagar’s potential, driving share prices higher. The Q2 performance positions Tilaknagar Industries as a strong contender in the market, making it an appealing choice for both short-term gains and long-term investment.
As of 9:53 am, Tilaknagar Industries shares were trading 12.82% higher at Rs 328.65 on the NSE.
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