GNA Axles: Will Growth Continue To Accelerate?
Moneylife Digital Team 04 June 2018
GNA Axles announced that its revenue for the quarter ended 31 March 2018 was Rs204 crore, a jump of 62% y-o-y (year-on-year). It has posted accelerating revenue growth in all four quarters of FY17-18: 5% in Q1, 18% in Q2, 41% in Q3 to 62% in Q4. The stock was well-rewarded for this growth with the price soaring from Rs218.90 to Rs437.50 in FY17-18, a 100% move. Further, the stock price jumped...
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