Rajeev Jhawar ,"The demand from said sector shall sustain in the next fiscal"
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Ongoing, First published May 30, 2022
Rajeev Jhawar always strives to upbring Usha Martin to greater heights. The stock of the wire rope manufacturer Usha Martin has zoomed 54 per cent in the past one month as compared to a 4 per cent rise on the S&P BSE Sensex. The stock traded at its highest level since January 2008, when it hit a record high of Rs 154.Shares of Usha Martin hit an over 14-year high of Rs 134.40, on soaring 8 per cent on the BSE in intra-day trade extending its month-long rally. Meanwhile, for the first nine months ended (April to December) of financial year 2021-22, Usha Martin had reported a strong 119 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 182.70 crore.
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