Kesoram Trading Avove 5 % On Q2 Numbers

Kesoram Industries Limited, the B K Birla Group company clocked a net profit of Rs 10 crore in the second quarter of 2016-17 financial year as compared to a loss of Rs 144 crore in the year-ago period. Total income fell to Rs 1,037 crore as compared to Rs 1,156 crore in the same period of the last financial year, the company said in a statement today. Restructuring of Kesoram's businesses led to the reduction in finance costs and debt, the statement read, adding that its tyres business is being consolidated to operate in a competitive space.

On 10^th Nov, Kesoram share price is trading above 5 per cent. The stock opened with a rise of 6 points at Rs. 158.15 as compared to its previous closing at Rs. 154. The stock touched the days high and low at Rs. 161.90 and Rs.158.15. Till now, around 1,09,643 shares are traded in the counter with a traded value of Rs. 176.11, as per NSE.

Kesoram share price touched its 52 week high value at Rs. 201.25 (06-OCT-16) while the 52 week low is seen at Rs. 72.00 (12-FEB-16 . The Average Daily Movement of the stock is 8.17 and its average volume for last 20 days is 689531. The stock yields -17.53 monthly returns. The market cap of the company amounts to Rs. 1805.94 (Cr) and has a book value of Rs. 33.72.

Kesoram is a multibagger stock for this quarter as recognized by Dynamic Levels, based on their technical and fundamental research, it is seen to have traded in very high volumes. Multibagger stocks have a great potential to grow in the long run.

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Kesoram share price history.