On June 25, the Board of Directors recommended a final dividend of Rs1 per equity share (a 20% increase), subject to shareholder approval.

Lambodhara Textiles’ stock rose 7% after the business reported a 1038.60 percent increase in net profit to Rs6.49 crore in the quarter ending March 2021. During the preceding quarter, which ended in March 2020, the company made a profit of Rs0.57 crore.

Sales increased 1.44 percent to Rs41.60 crore in the quarter ended March 2021, compared to Rs41.01 crore in the preceding quarter. On June 25, the Board of Directors recommended a final dividend of Rs1 per equity share (a 20% increase), subject to shareholder approval.

On the BSE, the stock closed at Rs96.30, up Rs6.45 or 7.18 percent from its previous close of Rs89.85. The stock began trading at Rs92.55 and has since reached highs of Rs104.30 and lows of Rs90.40.

Image source: www.indiainfoline.com