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Vishal fabrics share price 28 rupees posted 46 percent net profit

Buying shares of ₹ 28, company gets 46% profit, foreign investors are also impressed

https://webmanishh.blogspot.com/2024/10/vishal-fabrics-share-price-28-rupees-posted-46-percent-net-profit-.html


Vishal Fabrics Share: Vishal Fabrics, a smallcap company of the textile sector, has released the results for the August-September quarter of the current financial year. Now this stock will be in focus tomorrow on Monday.

Vishal Fabrics Share: Vishal Fabrics, a smallcap company of the textile sector, has released the results for the August-September quarter of the current financial year. Now this stock will be in focus tomorrow on Monday. Shares of FII-supported Vishal Fabrics rose 2% to an intraday high of Rs 28.83 last Friday. Let us tell you that so far this year, this stock has climbed 32% and 45% in a year.

September quarter results

According to the financial details for the quarter ended September 30, 2024, the net profit of the textile company on a standalone basis was Rs 6.50 crore, which is 46 percent more than Rs 4.45 crore recorded in the same quarter a year ago. Revenue grew 24 per cent to Rs 384.78 in the three-month period under review. Revenue stood at Rs 309.08 crore in the same quarter of FY 2024. Total expenses increased by more than 20 per cent to Rs 372.81 crore.

Share Status

Vishal Fabrics shares have given strong returns in the long term. This stock has climbed up to 700% in the long term. During this period, the stock has increased from Rs 3 to the current price. The 52-week high price of the company's shares is Rs 42.88 and the 52-week low price is Rs 18. Over a period of 10 years, the stock has gained 573 per cent. In 2022, the company had issued bonus equity in the ratio of 2:1. Its market cap is Rs 559.04 crore. According to the shareholding pattern of Vishal Fabrics as of September quarter, promoters hold a majority stake of 69 per cent in the company, while 3.68 per cent equity is in the hands of FIIs. The remaining 27.32 per cent stake is held by non-institutional investors.

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