Engineering stock hits 52-week high, extends post-Q1FY27 results rally for second day in a row
New Delhi, Aug. 4 -- Ratnaveer Precision Engineering share price surged nearly 5% to hit a 52-week high on Tuesday, 4 August, extending gains for a second consecutive session and outperforming the broader market amid a sharp sell-off in Indian equities. The stock has rallied 13.3% over the past week and is up nearly 20% in the last two weeks, driven by strong investor response to its robust Q1 FY27 earnings announced in the last week of July.
As per the company's exchange filing, for the June quarter, revenue from operations was Rs.314.64 crore, up 18.9% year-on-year and 26.4% quarter-on-quarter. EBITDA rose 31.7% YoY to Rs.35.98 crore, with the EBITDA margin improving to 11.43%. Profit after tax (PAT) increased 22% YoY to Rs.18.24 crore...
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