For the quarter ended March 2011, Net profit of Nitco rose 346.00% to Rs 11.15 crore in as against Rs 2.50 crore during the previous quarter ended March 2010. Sales rose 84.56% to Rs 191.94 crore in the quarter ended March 2011 as against Rs 104.00 crore during the same period ended March 2010.For the full year ended March , Sales rose 58.94% to Rs 640.50 crore against Rs 402.97 crore and net profit jumped to to Rs 26.29 crore from a loss of Rs.8.71 crore. Full year EPS is Rs.8.20 . Nitco was earlier recommenced @ Rs.62 and currently trading @ Rs.64/- .HOLD It
Wednesday, 4 May 2011
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