ideaForge Technology stock hits 52-week high after ₹60cr profit
Business
ideaForge Technology's stock just jumped 20% on Monday, hitting a new 52-week high at ₹731 per share.
The company's been on a five-day winning streak, up 42% overall, all thanks to a big turnaround: reporting a ₹60 crore profit in the March quarter after being in the red with a ₹26 crore loss last year.
Revenue ₹141cr EBITDA ₹62cr
Revenue shot up to ₹141 crore from just ₹20 crore last year, and EBITDA swung from a loss of ₹22 crore to a positive ₹62 crore.