Cello World in the green

Cello World is in the market eye today though its Q2FY24 earnings were tepid; the company posted a consolidated revenue from operations at Rs.489 crore, up 4% (QoQ) while PAT came in at Rs.86 crore, up 3.6%.

EBITDA for the quarter was stagnant at Rs.120 crore though margins fell 70 bps to 24.6%.

The company got listed on the bourses this month, 6^th Nov to be precise and it had got a bumper listing; as against the IPO price of Rs.648, it got listed on the BSE at Rs.831 and on the NSE at Rs.829.

And as of now, from its close of Rs.781.20, it opened higher today at Rs.783.05 and rose to an intraday high at Rs.816.90 and is currently trading at Rs.811 levels.