A penny stock under ₹10, Nandan Denim, hit 20% upper circuit on Friday, 21 August, despite a weak trend on Dalal Street. Nandan Denim share price opened at ₹2.26 against its previous close of ₹2.27 and surged 20% to hit its upper circuit of ₹2.72, closing at the same level and extending gains for the second consecutive session. In the previous session, the penny stock rose 0.89%.
The stock ended higher for the second consecutive week. On the other hand, market benchmark Sensex ended flat on Friday, extending losses for the second consecutive week.
The stock is down 7% year-to-date compared to a 9% decline in the Sensex. Nandan Denim share price hit a 52-week low of ₹1.80 on 30 March this year after hitting a 52-week high of ₹3.74 on 18 September last year.
The company's revenue from operations for the June quarter of the current financial year (Q1FY27) stood at ₹622.39 crore compared to ₹539.98 crore in Q4FY26.
Net profit for the quarter came at ₹14.80 crore from ₹9.51 crore quarter-on-quarter.
Disclaimer: This article is for educational purposes only and does not constitute investment advice. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Log in to our website to save your bookmarks. It'll just take a moment.
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.