Upper Circuit Stock: Nandini Creations lock in upper circuit after declaring positive set of results!

The shares of Nandini Creations were seen locked in the upper circuit on Wednesday. The shares of Nandini Creations are up by ~5 per cent, trading at Rs 70.40 per share.

India's leading textile & E commerce player, Nandani Creation Limited, popularly known and identified in the apparel market by its popular brand “Jaipurkurti.com”, has announced its Q2FY22 Results. The company takes pride in announcing that with the support of its loyal customers and their believe in the quality, a big jump in the net profit of over 24.15% has been reported in September 2021 quarter as compared to June, 2021 quarter.

The Net Sales in the September 2021 (half yearly) of the company, known for its vast variety of styles in ethnic wear with a contemporary twist, stands at Rs 29.60 Crores, up 33.75% from Rs 22.14 crore in September 2020.

Moreover, Nandani Creation Limited confirmed that Earnings Per Share (EPS) has increased to Rs 1.05 in September 2021 from Rs. 0.61 in September 2020.

Commenting on the strong jump in Q2FY22 numbers for Nandani Creation Limited, its Chairman & MD Anuj Mundhra said, "The satisfactory performance in the net profit in September 2021 quarter results is a proof of how people trust “Jaipurkurti.com” as a brand."

Recently, Nandani Creation has announced that the company has changed its symbol from NANDANI to JAIPURKURT. The big decision by the NSE-listed fashion giant was taken in view to reveal the company's real identity. Earlier, Nandani Creation had revealed its plans about investment, offline expansion, hiring, and movement to NSE's main board.