1 week ago
Nandan Denim Stock Hits 20% Upper Circuit Despite Weak Market
Nandan Denim is a company whose share price is below ₹10.
On Friday, 21 August, its share price rose by the maximum allowed 20% in one day.
It climbed from ₹2.26 at opening to ₹2.72.
The stock finished the day at ₹2.72.
This happened even though the wider market was weak.
The stock had also gained during the previous session.
However, it is still down 7% since the start of the year.
The company reported higher revenue and profit in the June quarter compared with the previous quarter.
Nandan Denim opened at ₹2.26 against its previous close of ₹2.27 on Friday, 21 August.
The stock surged 20% to ₹2.72, its upper-circuit limit, and closed at that level.
It extended gains for a second consecutive session and ended higher for the second straight week.
Nandan Denim is down 7% year-to-date, compared with a 9% decline in the Sensex.
Q1FY27 revenue rose to ₹622.39 crore and net profit to ₹14.80 crore quarter-on-quarter.
- Who
- Nandan Denim and investors trading its shares.
- What
- Nandan Denim shares hit their 20% upper circuit at ₹2.72.
- Where
- On Dalal Street, referring to the Indian stock market.
- When
- Friday, 21 August; the article also reports Q1FY27 results for the June quarter.
- Why
- The article reports the price rise but does not give a specific reason for it.
Key facts
- Stock
- Nandan Denim
- Closing price
- ₹2.72
- Daily gain
- 20%, reaching the upper circuit
- Year-to-date performance
- Down 7%
- 52-week range
- ₹1.80 low on 30 March and ₹3.74 high on 18 September last year
- Q1FY27 revenue
- ₹622.39 crore, compared with ₹539.98 crore in Q4FY26
- Q1FY27 net profit
- ₹14.80 crore, compared with ₹9.51 crore in Q4FY26
Sources
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