Shares of Goblin India hit the upper circuit of 20 percent on Monday. After which the price of the company's shares reached the level of Rs 55 to Rs 66. The reasons behind the rise in the company's shares are being considered as news. Non-promoters of Goblin India have sold a 3.63 percent stake. Due to this news, there was a rise in the shares of the company.
The company's quarterly results made everyone happy
The company's revenue in the second quarter of the current financial year was Rs 22.01 crore. The company's revenue in the same quarter a year ago was Rs 17.75 crore. At the same time, in the first quarter of this financial year, the revenue of Goblin India was Rs 18.5 crore. The good thing from the company's point of view is that there was a net profit of Rs 1.22 crore in the second quarter. Whereas there was a loss of Rs 0.021 crore in the same quarter of the last financial year.
During the last month, the company's share prices have risen by more than 34 percent. However, positional investors had suffered a loss of about 6 percent in the last 6 months. If we talk about the last year, the price of the company's shares has fallen by more than 20 percent. Let us tell you, that the total stake of promoters in the company is only 29.1 percent.