Stock Crashed: After the release of quarterly results, there was a 5 percent decline in the share prices of Swan Energy Ltd on Friday. The company’s shares had hit lower circuit on Friday. Due to which the price of the company’s shares closed at the level of Rs 574.75.
The success of these public sector banks under Modi government, investors’ money doubled
decline in net profit
In the information given to the stock markets on May 30, the company had said that the net profit in the last quarter of the last financial year was Rs 55.58 crore. Whereas in the same quarter a year ago, the company had made a profit of Rs 62.14 crore. That means there has been a decline of 10.56 percent in the company’s profit on an annual basis.
However, the company’s revenue has seen an increase of 49.81 percent. The company’s revenue during January to March 2024 has been Rs 1397.90 crore. Whereas in the previous financial year the company had made a profit of Rs 933.19 crore.
Big news came about this company after the market closed, got back Rs 390 crore
The company has also announced dividend
The company has also announced dividend along with quarterly results. Swan Energy Limited has said in the information given to the stock markets that a dividend of Rs 0.10 will be given on a share with face value of Re 1. That means investors will get 10 percent profit on every share.
How is the company’s performance in the stock market?
In the last one year, the share prices of Swan Energy Limited have seen an increase of 140 percent. That means, the money of positional investors has more than doubled during this period. At the same time, investors who have held the stock for 6 months have got a profit of 35 percent so far.
However, the stock has become a victim of profit booking in the last 3 months. According to Trendlyne data, the stock price has fallen 22.90 percent in the last 3 months.
