Share Market News: East West Holdings Shares Hits Upper Circuit After Q4 Results

New Delhi: Shares of East West Holdings Limited hit its 10 per cent upper circuit on Thursday. The counter opened at Rs 6.40 and went on to hit the high of Rs 6.44, around 10 per cent up from the pervious close of Rs 5.86 on the BSE. The stock of East West Holdings, which has market cap of Rs 82.16, has a 52-week high of Rs 11.47 and a 52-week lof of Rs 3.96.
The surge in price comes as the company has informed the stock market that its revenue from operations in the fourth quarter of the last financial year was Rs 65.14 crore, which was Rs 39.08 crore in the previous quarter and Rs 50 crore in the fourth quarter of the previous financial year.
The company has informed the stock market that its profit before tax in the fourth quarter of the last financial year was Rs 7.64 crore, which was Rs 15.3 1 lakh in the previous quarter and Rs 5.36 lakh in the fourth quarter of the previous financial year.
Meanwhile, benchmark equity indices plunged in early trade on Thursday, continuing to fall for the fifth day running, in line with weak global trends and unabated foreign fund outflows.
The 30-share BSE Sensex declined 315.53 points to 74,187.37. The NSE Nifty tanked 102.60 points to 22,602.10.
From the Sensex firms, Tata Steel, JSW Steel, Power Grid, Titan, Nestle India and Bajaj Finserv were the biggest laggards.
Axis Bank, State Bank of India, Kotak Mahindra Bank, ICICI Bank, IndusInd Bank and HDFC Bank were among the gainers.
In Asian markets, Seoul, Tokyo, Hong Kong, and Shanghai were quoting lower.