As benchmark indices languish after sharp falls over the last few weeks, Goodluck India’s stock is hitting an all-time high. Most of the time, a stock hits a new 52-week high on exceptional quarterly results or solid expansion plans.
In this editorial, we'll share a few factors to help you decide whether the stock is worth watching. First, let’s learn a bit about Goodluck India Ltd.
Established in the year 1986, Goodluck India is engaged in manufacturing and exporting of a wide range of ERW Steel Pipes (Black, Red Painted & Galvanized) , Hollow Sections, CR Coils, CRCA Sheets and Pipes, Galvanized Coils, CDW Tubes, Forgings & Flanges, Telecom & Transmission Line Towers, Substation Structure, Bridges for Road & Railways and Road Safety Equipment's.
The company has successfully catered to the needs of clients from the public sector, private sector OEMs and central & state government departments.
The company reported 31% growth in revenues, 46% growth in EBITDA and 67% growth in net profit in Q1FY27 when compared to the corresponding period of last year.