Mahamaya Steel share price surged almost 5 percent today to trade at Rs. 179.95 on the NSE. On BSE, the stock breached its upper circuit at Rs. 185 and experienced the volume spurt of over 1.5 times. The stock had breached its upper circuit on every trading day since 24th November 2016.
In the September quarter of the ongoing financial year, the company has posted revenue of Rs. 68.48 crores, a marginal rise from the Rs. 67.42 crore revenue of June quarter and a decline from the September quarter in the last financial year where the revenue stood at Rs. 79.84 crores. The company showed a slight rise in the consumption of raw materials in the quarterly basis. This quarter, Mahamaya Steel declared an operating loss of Rs. 1.29 crore as compared to the operating profit of Rs. 2.99 crore in the June quarter. The company’s Operating loss in Q2FY17 is lower than the loss it had made in Q2FY16. Mahamaya Steel’s net profit this quarter was Rs. 0.38 crores as compared to 0.88 crores in the previous quarter.
Mahamaya Steel share price traded at 52 week high of Rs 504.20 on 8th September 2016 which is also its lifetime high and the 52 week low is Rs 126.05 made on 23rd November 2016 which is also its lifetime low. The book value of the stock is 58.82 and the market cap of the company as on 1st December 2016 is Rs. 237.46 crores.
At 10:16 Am, almost 5000 shares had changed hands over the NSE trading counter as compared to its twenty day’s trading average of 32000 shares. The stock’s Average daily movement (ADM) stands at 14.42.
Mahamaya Steel is identified by Dynamic Levels as the top 500 performing stocks for the quarter by Dynamic Levels. For the details on the stock, visit Mahamaya Steel share price history page of Dynamic Levels website.
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