PhonePe-backed monopoly company reports robust results: Open order book surges by 49 per cent, announces 175 per cent dividend, FIIs & DIIs increased stake
PhonePe-backed monopoly company reports robust results: Open order book surges by 49 per cent, announces 175 per cent dividend, FIIs & DIIs increased stake

PhonePe-backed monopoly company reports robust results: Open order book surges by 49 per cent, announces 175 per cent dividend, FIIs & DIIs increased stake

The company’s shares have delivered an impressive return of around 90 per cent in the past one year.

Rakesh Deshmukh Article rating: 3.8

Over the last three years, the company has shown robust growth, with revenue up 38 per cent annually, operating margins consistently above 40 per cent, and PAT margins above 30 per cent.

Stocks below Rs 100: Only buyers seen in these scrips on July 6
Stocks below Rs 100: Only buyers seen in these scrips on July 6

Stocks below Rs 100: Only buyers seen in these scrips on July 6

The shares in the Asia Pacific rumbled as the Chinese stocks led to losses due to the increasing rounds of COVID-testing in Shanghai. This has induced fears of further lockdown restrictions in China thereby, creating a ripple effect on the stock markets.

Sayali Kotwal Article rating: 3.4

At 11.30 am on Wednesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally higher.  

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