Shares below 100: Shares of this company were locked in 20 per cent upper circuit today!
The company’s net profitability shot up by more than 224 per cent from the corresponding quarter last year
On Thursday, shares of Geekay Wires skyrocketed and got locked at 20 upper circuit level of Rs 95.60. The scrip is currently trading close to its 52-week high level of Rs 100.95, which was made on January 10, 2023.
For the quarter ended December 31, 2023, total income of the company rose more than 46 per cent from the previous year’s same quarter to Rs 104.08 crore. The company’s net profitability shot up by more than 224 per cent from the corresponding quarter last year to Rs 6.16 crore.
Geekay Wires is engaged in manufacturing of niche quality galvanized steel wires and nails which find applications in power transmission, cable & conductor, general engineering, construction etc.
Geekay Wires is a certified manufacturer, exporter and supplier of the superlative wires and cables like earth wire, stay wire, ACSR steel, core cable armoured wire, guy strand barbed wire, spring steel and spring steel wire.
Keep a close eye on this trending company.