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This midcap stock rose 14% post Q1 results; here's why


This midcap stock rose 14% post Q1 results; here s why
The company reported a 42 per cent jump in net profit to Rs 116.85 crore for the quarter ended June 2021. Profit in the year-ago period stood at Rs 82.27 crore
This midcap stock rose 14% post Q1 results; here s why
Business Today
Updated Aug 04, 2021, 12:32 PM IST
Shares of IIFL Wealth Management Limited zoomed 14 per cent to hit a new 52-week high of Rs 1,580 on BSE after the company announced its earnings for the quarter ended June 2021.
The company reported a 42 per cent jump in net profit to Rs 116.85 crore for the quarter ended June 2021. Profit in the year-ago period stood at Rs 82.27 crore. Revenue from operations grew 9.47 per cent to Rs 382.55 crore in the June-ended quarter against Rs 349.46 crore a year ago. ....

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Futuregrowth invests in tourism's recovery through Th...


A wealth of skills and assets
Thebe Tourism was founded in 2001 and the senior management team, Jerry Mabena and Brett Hendricks, have steadily built an A-list portfolio of uniquely South African tourism venues. Says Amrish Narrandes, head of Unlisted Equity Transactions at Futuregrowth, “We believe strongly that the tourism industry will return to its former glory post-COVID and, given the quality of the assets of the group, feel Thebe Tourism is well-positioned to capitalise on the eventual resurgence of the sector.” He adds that, with a total GDP contribution of around 9% and over 1.5 million jobs supported, the tourism sector will continue to be an instrumental contributor to the South African economy. ....

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