New Delhi, Jan. 29 -- Shares of Rushil Decor, one of the leading suppliers of eco-friendly, sustainable MDF boards, laminates, and plywood, climbed 6.5% in intraday trade on Wednesday, January 29, reaching Rs.29.17 apiece. With today's rise, the stock snapped its seven-day losing streak.
The rebound in the stock came after the company released its December quarter numbers. Although the results were modest, growth in exports of both MDF and laminates lifted investor optimism.
The company reported revenue of Rs.211 crore, reflecting a year-on-year (YoY) decline of 0.7% and a quarter-on-quarter (QoQ) drop of 8.1%. The profit after tax stood at Rs.11.5 crore, marking a slight 1% increase compared to Rs.11.4 crore in the same period last yea...
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