Metro Brands shares rise over 5% post Q1 results

Shares of Metro Brands dropped 5% in early trading but later rebounded by over 5% to reach Rs 1,097 during Wednesday’s intraday trade on BSE following the release of June quarter results.

The company reported a consolidated profit for the June quarter at Rs 93.5 crore, down by 11.6% from Rs 105.78 crore in the same quarter last year, impacted by the weak operating margin.