Eros International puts up good show

Eros International hit a new 52-week high today at Rs.313.60 with an almost 1.5 times surge in volumes. It has since then come off the highs but it remains strongly in the green, up almost 5%.

The stock is reacting positively to its Q2FY15 performance. It posted a 36% (YoY) jump in net profit at Rs.50 crore on a 19% rise in total revenue at Rs.240 crore. EBIT rose 43% at Rs.72 crore while EBIT margins rose from 25% to 30%. PAT margin rose more muted, from 18.4% to 20.9%.