The larger market's slowdown has put the bull in a cage for the bear to take over. However, this does not appear to have dampened the spirits of those who are going bullish on Godrej Group's flagship, Godrej Industries.
The company shares soared by over 17 per cent in the intraday trade on Thursday, the story is no different on Friday.
Godrej Industries Share In A Week
In fact, the company's shares rocketed significantly in the past 5 trading sessions over the past week.
The company shares have jumped by a colossal 40.84 per cent or Rs 323.40, in just 5 trading sessions.
Third Quarter Results
This surge, amid the larger market dip, can be attributed to the company's quarter 3 results. In Q3 of FY25, the company.
The Mumbai-based company saw its net profit rise by a monumental 76.86 per cent. In numbers, this brought the net profit to Rs 188.20 crore. In addition, the company's revenue also rose by 34.39 per cent.
The overall revenue from operations surged to Rs 4,824.83 crore in the quarter ended on December 31.
When it comes to the company's total expenses, they increased as well. The total expenditure jumped by 29 per cent to Rs 4,843.87 crore in Q3FY25.
When we look further into these expenses, the cost of materials consumed stood at Rs 2466.59 crore.
In addition, the development and construction cost surged by 46.82 per cent, increasing to Rs 3,379.14 crore.
Company Shares On Friday
Furthermore, employee benefits expenses also increased to Rs 368.51 crore.
As of result of this, the company shares further rose on Friday. On February 21, the company shares opened at Rs 990.00, lower than the previous day's closing of Rs 1,011.75.
However, the slump was interim, it reversed the losses. The shares soon regained the Rs 1,000 mark, it further rose by 10.90 per cent or Rs 110.25, taking the overall value of Rs 1,122.00.
