Tribhovandas Bhimji Zaveri shares: Tribhovandas Bhimji Zaveri shares were in focus during trading today on Monday. The company’s shares rose by more than 18% today and the stock reached an intraday high of Rs 275.90. Let us tell you that in the last five trading days, this stock has climbed by about 35% and in a month it has risen by 65%. At the same time, in the last one year, this stock has climbed by 135%.
What is the analyst’s advice
Analysts at Independent Research believe that now investors should consider booking profits at the current level. This is because its RSI is at 84. A daily close below the support level of Rs 241 could lead to a decline to Rs 179 in the coming weeks. The company’s shares have a 52-week high price of Rs 275.90 and a 52-week low price of Rs 93.60. Its market cap is Rs 1,817.41 crore.
June quarter results
Let us tell you that Tribhovandas Bhimji Zaveri reported a 50 percent increase in profit in the first quarter due to strong demand for gold jewellery despite rising prices. The company’s net profit rose to Rs 17.05 crore in the quarter ended June, while sales grew 4.5 percent to Rs 596 crore. The company’s profit margin increased to 7.14 percent from 5.65 percent in the previous year due to its focus on high-margin items. Let us tell you that Tribhovandas Bhimji Zaveri Limited is a listed company incorporated on July 24, 2007. It is classified as a public limited company and is based in Mumbai, Maharashtra.
Disclaimer: The information given here is based on the brokerage firm. Investing in the stock market is subject to risk and please consult your advisor before investing.