Nava surges 13%, hits record high in weak market on heavy volumes
In past four months, the stock price of Nava has appreciated by 84 per cent after the company recorded a remarkable financial performance for June quarter (Q1FY24).
Shares of Nava (formerly Nava Bharat Ventures Limited) hit a record high of Rs 465.65, as they rallied 13 per cent on the BSE in Thursday’s intra-day trade on the back of heavy volumes in an otherwise weak market. The trading volumes on the counter jumped over three-fold with a combined around 3.6 million equity shares of the company changing hands on the NSE and BSE till 11:11 AM. In comparison, the S&P BSE Sensex was down 0.66 per cent at 66,366.
In past four months, the stock price of Nava has appreciated by 84 per cent after the company recorded a remarkable financial performance for June quarter (Q1FY24).
Shares of Nava (formerly Nava Bharat Ventures Limited) hit a record high of Rs 465.65, as they rallied 13 per cent on the BSE in Thursday’s intra-day trade on the back of heavy volumes in an otherwise weak market. The trading volumes on the counter jumped over three-fold with a combined around 3.6 million equity shares of the company changing hands on the NSE and BSE till 11:11 AM. In comparison, the S&P BSE Sensex was down 0.66 per cent at 66,366.