Nagarjuna Constructions

nareshch

Active Member
#1
Hi ,

Nagarjuna Constructions posted a jump of 82% in net profits ( market xpectations 60%) , Eps Of 45.85 and dividend of 6/- per share .
All though the results are above expectations , the stock crashed today .Why is it so ?

Regards
Naresh
 
#2
Profit Booking I presume, since the stock had been really rising lately and had outdone multiple all-time-highs of its value,

Uday.
 

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