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These 6 firms cut down debt, see up to 92% rally in FY23 – ​On Growth Path

For a enterprise to broaden and develop, it’s important to infuse contemporary money into it, however a heavy debt on the stability sheet is what no firms want, reasonably it’s one thing they dread.

ET Markets discovered six firms which have diminished their debt by over 25% in FY22 on a year-on-year (YoY) foundation whereas their gross sales and revenue progress numbers rose over 25%. We have now excluded entities whose complete debt and gross sales quantity was under Rs 100 crore in FY21. Solely shares with a present market cap of over Rs 5,00 crore have been added to the listing.

From the BSE universe, 34 firms have made the reduce. Apparently, 6 shares from the listing have gained anyplace between 50 and 90% thus far in FY23 (Knowledge Supply: ACE Fairness).

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