20% Upper Circuit: Textile Stock Skyrockets After Reporting 315% YoY Increase in Net Profit
India, Oct. 29 -- This Microcap Stock, engaged in the manufacturing, trading, and distribution of textile products, garments, fabrics, and apparel, catering to diverse customer segments across domestic and international markets, hit a 20 percent upper circuit after the company reported strong September quarterly results with a 314.71 percent YoY increase in net profit.
With a market capitalization of Rs. 247.37 crores, the shares of M K Exim (India) Limited hit a 20 percent upper circuit of Rs. 62.67 per share on Thursday, up from its previous closing price of Rs. 52.23 per share. Since then, the stock has retreated and is currently trading at Rs. 61.28 per equity share.
Q2 FY27 Result Walkthrough
Looking at the quarterly results of M...
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