This Rekha Jhunjhunwala stock is up 4%. Should you buy? What brokerages say?

Shares of Metro Brands Ltd were up today (May 24) as the footwear company reported quarter results. Brokerages remained mostly neutral on the stock and see a muted quarter for the company ahead. Metro Brands recorded a profit of ₹155.57 crore- a jump of 126.3 per cent on year-on-year (YoY) basis for the fourth quarter of FY24. The Rekha Jhunjhunwala-backed firm posted revenue from operations at ₹582.98 crore and recommended a final dividend of ₹2.25 per equity share.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

Discover the complete story of India’s general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Get latest news on Education along with Board Exam, Competitive Exam and Exam Result at Hindustan Times. Also get latest Job updates on Employment News

• ABOUT THE AUTHOR

  

  Follow the latest breaking news and developments from India and around the world with Hindustan Times’ newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we’ve got you covered.