Top intraday pick: MAS Financial surges 12.25 per cent with strong Q3 results
The stock is up 29 per cent in just two trading sessions!
MAS Financial Services stock has rallied by leaps and bounds in just a couple of days. Today, this trending stock has gone up from an opening price of Rs 569 to Rs 635, soaring by over 12.25 per cent in the beginning hours of the market. The stock was in the buzz yesterday as it had given a huge upside of 15.3 per cent on the BSE.
The company has come out with robust Q3 results which have been the driving force for the stock price. It witnessed a growth of 13.6 per cent in assets under management (AUM) to reach Rs 5,742 crore. The profitability for the quarter went up 10.84 per cent on a YoY basis to reach Rs 40.1 crore. The company is well-capitalized as the capital adequacy ratio stood at 27.41 per cent.
The stock was trading near its 52-week low of Rs 469.05 before the Q3 results. And in just two days, it has seen a spike in its chart.
Could this be the good old school ‘buy at low’ strategy that investors are playing? Let us know what you make of this in the comments!