“East West Holdings Defies Stock Market Crash with Impressive Q4 Results”
Amidst the recent stock market turmoil caused by rising US treasury yields and escalating tensions in the Middle East, East West Holdings has emerged as a beacon of hope for investors. The penny stock witnessed a significant surge in its share price, defying the overall downtrend in the market.
East West Holdings, with a market cap of ₹76 crore, reported its Q4 results for 2024, showcasing remarkable growth in both revenue and net profit. The company’s total audited revenue for Q4FY24 soared by 43 percent year-on-year to ₹73.54 crore, reflecting strong operational performance despite the challenging market conditions.
What truly caught the attention of investors was the staggering increase in the company’s net profit. In FY24, East West Holdings recorded a net profit of ₹5.67 crore, a substantial rise from ₹1.50 crore in the previous financial year, translating to a remarkable 280 percent growth. In Q4FY24 alone, the company’s audited net profit surged to ₹6.15 crore, a phenomenal increase from ₹1.65 lakh in the same quarter of the previous year, marking a YoY rise of over 37,000 percent.
Although the broader market indices like the Nifty 50 and BSE Sensex are facing downward pressure, East West Holdings has managed to attract strong bullish interest with its impressive financial performance. The stock, available for trade on BSE, opened with an upside gap and reached an intraday high of ₹6.44 per share, signaling a 10 percent increase from the previous day’s close.
Investors and analysts are closely monitoring East West Holdings as it continues to outperform the market and demonstrate its resilience in the face of economic uncertainties. With a 52-week high of ₹11.47 and a low of ₹3.96 per share, the company’s stock is proving to be a standout performer in the current market scenario.
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