Amal Ltd hits lifetime high

Amal Ltd continues breach the UC every single day and today too, it hit a lifetime high at Rs.92.50, up 5%, locked in the 5% UC.

The exuberance over its Q3FY17 performance continues as investors continue to stock up on good long term stocks.

This Gujarat based company, which manufactures Sulphuric Acid, Oleum, Sulphur Dioxide etc, used primarily in Chemical and Dyestuff industries, posted a 3.5 times jump in its Q3FY17 net profit at Rs.4.5 crore. This was on a 38%(YoY) jump in net sales at Rs.9 crore.