Share Market News: Srestha Finvest Shares Hit Lifetime High After This Announcement

Home
Business
Share Market News: Srestha Finvest Shares Hit Lifetime High After This Announcement | Deets Inside

Earlier, the micro-cap company announced its Q4 results. According to an exchange filing, the company’s operating revenue in the fourth quarter of FY2024 was Rs 5.63 crore.

Shares of investment company Srestha Finvest hit lifetime high after the company announced that it has entered into a facility agreement with Felix Industries Ltd.
Srestha Finvest’s share price today opened with an upside gap at Rs 1.82 per share and touched an intraday high of Rs 1.87 apiece within a few minutes of the stock market’s opening bell. While climbing to this intraday high, the penny stock below Rs 2 also touched a new lifetime high.
“By combining our strengths and resources, we aim to provide robust financial support to a diverse range of Renewable Energy and water-related projects, fostering sustainability and marking a significant move towards Green Environment and sustainable projects,” the company said in an exchange filing.
The company said that it will fund Rs 250 million for targeting the mission in the next 1-2 years and also expand its footprint in new technology sectors. Earlier, the micro-cap company announced its Q4 results. According to an exchange filing, the company’s operating revenue in the fourth quarter of FY2024 was Rs 5.63 crore. It was Rs 3.35 crore in the previous quarter and Rs 69 lakh in the Q4 of the last financial year.

The company also said that its profit before tax in the fourth quarter of the last financial year was Rs 5.19 crore. It was -46 lakh rupees in the third quarter of FY2024 and -4.59 crore rupees in the fourth quarter of the last financial year.
The net profit of Srestha Finvest Limited in the fourth quarter of the financial year 2024 was Rs 5.06 crore.

<!–

Comments – Join the Discussion

–>