By CNBCTV18.com Aug 18, 2022, 06:50 PM IST (Printed)

La Opala RG shares jumped with excessive volumes on August 18, taking its positive aspects to a second straight day with sturdy volumes following preliminary weak spot after the corporate reported its quarterly monetary outcomes.

The inventory completed larger by Rs 20 or 6.four % at Rs 331.1 apiece on BSE, taking its positive aspects to greater than 7 % in two days. It traded with sturdy volumes on each days, with 84,000 shares altering palms on August 18 as in opposition to a every day common of 23,000 up to now two weeks, in line with trade knowledge.

The Kolkata-based tableware firm reported a greater than two-fold leap in internet revenue to Rs 20.08 crore for the April-June interval, from Rs 8.86 crore for the corresponding interval a 12 months in the past.

The corporate’s income jumped practically thrice to Rs 82.15 crore for the three-month interval, from Rs 32.17 crore for the year-ago interval, in line with a regulatory submitting on August 13.

The bettering profitability got here at the same time as its price of fabric consumed elevated greater than two instances to Rs 23.19 crore in contrast with the year-ago interval, in line with the submitting.

La Opala RG — a producer and marketer of life-style merchandise within the tableware section — owns manufacturers La Opala, which incorporates merchandise resembling dinner units, plates and bowls, and Diva.

Monarch Networth Capital has a ‘purchase’ score on La Opala with a goal value of Rs 488, which means an upside of 47.four % from the closing value on Thursday, August 18.

The La Opala inventory has surged greater than 20.three % up to now one month, a interval through which the Nifty50 has risen 10.three %.