Linc Pen writes a good note
By Research Desk
about 10 years ago
Linc Pen & Plastics is up over 5% at Rs.174 and this is after hitting an intra day high at Rs.178.90. Volumes are also good on the counter, trading some 15,000 shares. It hit a new 52-week high on 4th Dec’14 at Rs.219.40.
The stock is obviously happy with the company getting listed on the NSE, effective today. This is expected to give the stock more traction and in the coming days we could a rise in volumes.
The company which makes pens and writing instruments, had ended the quarter with a 24% rise in net profit at Rs.3 crore despite a 4% (YoY) decline in net sales at Rs.67 crore.