A tremendous rise is being seen in the shares of Interarch Building Products Limited. Its shares have registered a gain of more than 13% in the last two trading days.
- Today’s performance: On Tuesday, the company’s shares opened at Rs 1699.95 on BSE and reached a 52-week high of Rs 1884.05.
- 52-Week Low: Rs 1110.65.
107% gain after listing
The company’s shares have given a return of 107% since listing.
- Issue price: Rs 900 per share.
- Listing Date: 26 August 2024.
- After the listing, positional investors’ money has doubled.
Company’s financial results (June 2024)
Interarch Building Products Ltd has reported a positive performance for the June quarter.
- Net Profit:
- In June 2024 quarter: Rs 20.30 crore.
- In June 2023 quarter: Rs 19.40 crore.
- Annual growth: 5%.
- Net Revenue:
- April-June 2024: Rs 303.40 crore.
- Annual growth: 3%.
Turnover target by 2028: Rs 2500 crore
According to PTI report, the company’s MD Arvind Nanda says that the target is to reach the turnover of Rs 2500 crore by 2028. The company is set to capitalize on its expansion plans and growing demand in the civil construction sector.
What matters to investors?
- Positive Growth Trend:
The company’s steadily rising share price and strong financial performance make it an attractive option for investors. - Long term advantage:
The company’s expansion plans and turnover target of 2028 make it suitable for long-term investment.
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