Responsive Industries Q3 FY24 Results Live : profit rise by 165.25% YOY
Responsive Industries Q3 FY24 Results Live : Revenue increased by 1.26% YoY & profit increased by 165.25% YoY
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Responsive Industries Q3 FY24 Results Live : Revenue increased by 1.26% YoY & profit increased by 165.25% YoY
The stock surged 7.19 per cent to hit a day high of Rs 324.30. At this price, the scrip was down 11.10 per cent from its one-year high of Rs 364.80, a level seen on September 29 last year.
Thane-based Responsive Industries is a leading manufacturer of PVC products like vinyl flooring, synthetic leather and luxury vinyl tiles.
BSE's Sensex dropped 259.59 points, or 0.36 per cent, to settle at 71,423.65, while NSE's Nifty50 declined 50.60 points, or 0.23 per cent, to end the day at 21,571.80 for the day.
While money managers have sounded out a word of caution, stating that risk-reward remains unfavourable in several pockets of the smallcap segment, an analysis of the valuation based on the price-to-earnings ratio (P/E), suggested that there are still some multibaggers which are trading below their 5-year average.