Tips Industries jumps on reporting 58% rise in Q1 net profit
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Tips Industries is currently trading at Rs. 301.60, up by 7.95 points or 2.71% from its previous closing of Rs. 293.65 on the BSE.
The scrip opened at Rs. 299.75 and has touched a high and low of Rs. 305.00 and Rs. 295.90 respectively. So far 25027 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.25 on 25-Jul-2023 and a 52 week low of Rs. 138.46 on 22-Aug-2022.
Last one week high and low of the scrip stood at Rs. 315.25 and Rs. 282.80 respectively. The current market cap of the company is Rs. 3843.17 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.05% and 24.95% respectively.
Tips Industries has reported 57.74% rise in its net profit at Rs 27.10 crore for the quarter ended June 30, 2023 as compared to Rs 17.18 crore for the same quarter in the previous year. Total income of the company increased by 54.99% at Rs 54.65 crore for Q1FY24 as compared Rs 35.26 crore for the corresponding quarter previous year.
Tips Industries is a leading company in the Media & Entertainment Industry, engaged in the production and distribution of films and leveraging its audio content library digitally in India and overseas. The company is also a leading producer of Punjabi films in the country.
