The stocks of Hathway Cable soared on Friday only to be locked in 20% Upper Circuit. The shares touched their 3-month high of Rs 38.15 after the company posted a net profit of Rs 14 Cr in Jul-Sep Quarter as against a loss of Rs 40.4 Cr a year ago.
Total expenditure during the quarter was at Rs 120 Cr, compared with Rs 370 Cr a year ago.
Operating margin of the company expanded to 40.15% in Q2 from 16.61% in the corresponding period last year. The stock rose for the third straight session today and has gained around 25% during the mentioned period.
Hathway Cable & Datacom Ltd is currently trading at Rs 38.25, up by Rs 6.35 or 19.91% from its previous closing of Rs 31.9 on the BSE.
The scrip opened at Rs 38.2 and has touched a high and low of Rs 38.25 and Rs 36.5 respectively.
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