Earnings impact: eMudhra hits record high, surges 26% in two trading days

Revenue from operations registered a strong growth primarily led by increase in Enterprise Solution business especially in international markets which grew by 140 per cent YoY.

Shares of eMudhra hit a new high at Rs 319.80 as the stock surged 12 per cent on the BSE in Tuesday’s intra-day trade. The stock of a digital trust, digital security and paperless transformation solution provider, has rallied 26 per cent in the past two trading sessions after the company reported healthy earnings for the quarter ended June 2022 (Q1FY23).

The stock traded at its highest level since listing on June 1, 2022. Currently, it quoted 25 per cent higher against the issue price of Rs 256 per share. The stock had hit a 52-week low of Rs