📈 Arshiya Share Price Soars with Strong Buying Interest
Yesterday, Arshiya Limited’s shares were locked in an upper circuit, reflecting a tremendous buying spree. The company’s shares traded at Rs. 7.01 with a rapid growth of 5% during Thursday’s trading session. Arshiya Limited has been consistently hitting the upper circuit for the past few days, indicating a strong market sentiment.
💰 Impressive Returns for Arshiya Shareholders
Investors in Arshiya Limited have been reaping substantial benefits, with a return of 40% in just one week. The company’s shares have witnessed a staggering 85% surge in the last two weeks. On Friday, December 15, 2023, Arshiya Limited’s shares were trading at Rs. 6.95, experiencing a remarkable 4.51% surge. In the past month alone, the company’s shares have generated a whopping 70% return for its investors.
📉 A Challenging Journey for Arshiya Shares
Arshiya Limited’s shares, which were once traded at Rs. 310 in 2010, have witnessed a significant decline. The share price has plummeted by over 99%, causing distress for shareholders. On December 15, 2022, the company’s shares were trading at Rs. 10.50, while on November 29, 2023, they were priced at Rs. 3.46.
🔍 Auditors Resign from Arshiya’s Subsidiaries
In November 2023, Arshiya Limited’s subsidiary companies, Arshia Panvel FTWZ Services Pvt Ltd and Arshia Panvel Logistics Services Pvt Ltd, faced the resignation of their auditors. This development raises questions about the financial stability and transparency of these subsidiaries.
💼 Improved Sales Figures for Arshiya Limited
Arshiya Limited recorded an impressive 1.4% increase in net sales, amounting to Rs. 35.62 crore in the June 2023 quarter. In the same quarter of the previous year, the company had reported net sales of Rs. 35.13 crore. However, the company’s net loss for the fiscal year ending on March 31, 2019, stood at a significant decrease of 314.55%, amounting to Rs. 101.59 crore. In the June 2022 quarter, Arshiya Limited had reported a net loss of Rs. 47.35 crore.
🔮 What Lies Ahead for Arshiya Limited?
As Arshiya Limited continues to experience volatility in its share price, investors and stakeholders eagerly await the company’s future prospects. The resignation of auditors from its subsidiaries raises concerns about the overall financial health of the organization. Only time will tell if Arshiya Limited can overcome these challenges and regain stability in the market.
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
