India, June 1 -- This Micro-Cap Textile Stock, engaged in manufacturing synthetic and blended yarns, including polyester and viscose yarn, catering to domestic and international textile markets, hit a 20 percent upper circuit after the company reported March quarterly results with a 1,391 percent YoY increase in net profit and announced a dividend of Rs. 0.50 per share.

With a market capitalization of Rs. 98.98 crores, the shares of Lambodhara Textiles Limited hit a 20 percent upper circuit of Rs. 120.80 per share on Monday, up from its previous closing price of Rs. 100.70 per share. Since then, the stock has retreated and is currently trading at Rs. 113 per equity share.

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