Shares of
Deepak Spinner hit 20% upper circuit at Rs201.90 on the BSE after ace investor Dolly Khanna bought a stake in the company on Thursday through block deal.
Dolly Khanna bought about 1.06% stake or 76,555 shares of the company at Rs167.2 apiece through a bulk deal on BSE and the deal worth Rs1.28cr at the price.
Meanwhile in Q4 results, the company posted a net profit which rose 38.78% to Rs9.34cr in the quarter ended March 2021 as against Rs6.73cr during the previous quarter ended March 2020. Sales rose 32.40% to Rs111.32cr in the quarter ended March 2021 as against Rs84.08cr during the previous quarter ended March 2020.
The stock ended at Rs201.90 up by Rs33.65 or 20% from its previous closing of Rs168.25 on the BSE. The scrip opened at Rs187.20 and has touched a high and low of Rs201.90 and Rs183.10 respectively.