20% Upper Circuit: Textile Stock Jumps 20% After Announcing a 2,053% YoY Increase in Net Profit
India, Oct. 19 -- This Penny Textile Stock, engaged in the manufacturing and export of high-quality cotton yarn, serving the textile, garment, denim, terry towel, knitting, and home furnishing industries in domestic and international markets, hit a 20 percent upper circuit after the company reported strong September quarterly results with a 2,052.63 percent YoY increase in net profit.
With a market capitalization of Rs. 159.37 crores, the shares of Lagnam Spintex Limited hit a 20 percent upper circuit of Rs. 90.20 per share on Monday, up from its previous closing price of Rs. 75.17 per share.
Q2 FY27 Result Walkthrough:
Looking at the quarterly results of Lagnam Spintex Limited, the company's consolidated revenue from operations increa...
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