Silver Touch Tech Shares Surge Over 14% on Stellar Q3 Earnings

Silver Touch Technologies witnessed a robust 14% surge in its shares this Friday, propelled by stellar results for the September quarter.

The company reported a remarkable 145% increase in net profit, leading to a closing share price of Rs 653.75.

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Financial Highlights

Net profit for July to September 2023 soared to Rs 3.6 crore, marking a substantial rise from Rs 1.47 crore in the same quarter last year.

Quarterly revenue for the current fiscal year reached Rs 51.52 crore, reflecting a significant annual growth of 25%.

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Market Performance

Over the past year, Silver Touch Technologies’ shares have surged by an impressive 88%, while the last 6 months witnessed an 81% increase.

The stock’s 52-week high stands at Rs 700 per share, with a low of Rs 311.05 per share.

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