Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales

The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead

Shares of Monte Carlo Fashions hit a record high of Rs 840 as they surged 7 per cent on the BSE in Thursday's intra-day trade in an otherwise range-bound market. In the past one week, the stock of the garments and apparels maker has rallied 16 per cent after the company recorded best-ever sales for the June quarter 2022 (Q1FY23).

In comparison, the S&P BSE Sensex was up 0.12 per cent at 63,580 points at 11:22 AM. The stock has zoomed 36 per cent in a month, as against 1.8 per cent rise in the benchmark index.

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