Motilal Oswal
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Motilal Oswal
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Midcap Mania: Despite pain in smallcap index, Axtel Industries outperforms the boarder markets

Updated : April 08, 2019 03:49 PM IST

A company delivering strong results and not declaring dividend raises questions in the minds of investors but in 2018 Axtel had declared the dividend for the first time which soothes some nerves.
Axtel Industries' margins were stable at 17 percent and net profit at Rs 13 crore.
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