Chaman Lal Setia Exports zooms 17% on strong Q3 operational performance

EBITDA margin increased by 430 bps to 14.5 per cent compared to 10.2 per cent last year on account of superior realisation and moderation in the freight cost.

Shares of Chaman Lal Setia Exports (CLSEL) zoomed 17 per cent to Rs 155.2, hitting multi-year high on the BSE in Monday’s intra-day trade in an otherwise weak market, after the company reported a strong operational performance in December quarter (Q3FY23).

The stock surpassed its previous high of Rs 145.75 touched on January 19, 2023. It traded at its highest level since May 2018. At 11:48 AM, CLSEL was up 15 per cent at Rs 152 as compared to a 0.69 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped over 10-fold