KSB shares zoom 20% to 52-week high driven by strong Q2 results
KSB Q1 results: Its revenue grew 31.9 per cent on a year-on-year basis to Rs 591 crore for the June quarter and margin - a key measure of profitability - improved by 73 basis points to 14.36 per cent.
Pumps and valve manufacturer KSB's shares zoomed on Thursday after the company reported a strong set of quarterly numbers. The KSB stock zoomed by as much as Rs 461.5 or 20 per cent to hit Rs 2,695.00 apiece on NSE, surpassing an earlier 52-week peak of Rs 2,356.9 touched in May.
KSB shares finished 17.08 per cent lower at Rs 2,695.00 apiece on NSE.
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