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Zenith Exports rises 70% in just 9 trading sessions

Zenith Exports rises 70% in just 9 trading sessions

Zenith Exports rises 70% in just 9 trading sessions
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By Mousumi Paul  May 14, 2019 3:38:13 PM IST (Published)

Zenith Exports has given massive returns of about 70 percent in just nine trading sessions this month. The stock ended the day at upper circuit, up 10 percent, at Rs 75.05.

Zenith Exports has given massive returns of about 70 percent in just nine trading sessions this month. The stock ended the day at upper circuit, up 10 percent, at Rs 75.05.

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This week, the stock has climbed 40 percent, while over last one year it has rallied 72.13 percent.
Zenith Exports
Commenting on the rally, the company said that the share price movement and volume of shares is completely market-driven.
Headquartered in Kolkata, Zenith Exports is one of the oldest and largest manufacturers and exporters of leather hand gloves and handloom silk fabrics. The market capitalisation of the company stands at Rs 43 crore.
The company’s promoters hold 51.75 percent stake in the company as of March 31 whereas SMC Global Securities, Guiness Securities, BKL Securities and Bhutnath Vanijya Vyapaar Private were among the public shareholders.
In the December quarter, the company’s total revenue was up 13 percent to Rs 2,494 crore. The net profit was also positive at Rs 19 crore as against a loss of Rs 149 crore.
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