Several stocks hit their all time high levels on the Weekend Friday after reporting their Q1 quarterly results, as investors continue to buy into quality stocks. Among the shares that rose to these highs include Berger Paints, Asian Paints, Pidilite Industries and Nestle India.
Berger Paints Ltd: The stock touched its one-year high level of Rs.360.75 on Friday after reporting impressive Q1 results. The paint major posted 31% year on year growth in consolidated net profit at Rs.164-Cr in the June quarter. The Stock closed at Rs.360-per share, up by 1.25pc from its previous closing of Rs.355.55.
Asian Paints Ltd: The leading decorative paints company share price has touched its One-year high level of Rs.1581.90-per share on the NSE on Friday. In last 12-months, the company’s stock price rose 11% to the existing levels. The company reported an 18pc year-on-year rise in its consolidated net profits in June quarter. The Stock closed at Rs.1575.85-per share, up by 0.64pc from its previous closing of Rs.1565.90
Pidilite Industries Ltd: Indian-based adhesive manufacturing company, Pidilite’s revenue zoomed 10pc YoY to Rs.2017-Cr, and net profit rose 22pc to Rs.294-Cr year on year V/s Rs.246-Cr reported in the matching quarter last year. The Stock touched its one year high level at Rs.1358.65 on Friday. The stock closed at Rs.1351.00-per share, up by 1.67-pc from its previous closing of Rs.1328.85 on the NSE.
Nestle India Ltd: The FMCG major on Friday hit its one year high level at Rs.12268.50 on the NSE after the company posted 10pc jump in the net profit for the quarter ended June, 2019. Company’s net sales jumped over 11pc at Rs.2982.83-Cr V/s Rs.2678.57-Cr in the year-ago period. The stock closed at Rs.11951.10-per share, up by 2.70-pc from its previous closing of Rs.11840.25 on the NSE.