Stock Track | DRINDA Soars 5.03% Intraday on Q1 Profit Turnaround and Broker Upgrade

Stock Track
Apr 16

DRINDA's stock price soared 5.03% during intraday trading. The significant upward movement was driven by the company's return to profitability and a positive analyst assessment.

The rally was primarily fueled by the company's recently released first-quarter results, which showed a successful turnaround to profitability. Net profit attributable to shareholders surged 113.38% year-over-year to 14.16 million yuan, while gross margin improved significantly by approximately 7.66 percentage points to 13.54%.

Concurrently, BOCOM International upgraded its rating on the stock to "Buy" and raised its target price, citing a combined valuation that factors in the company's solar cell business and commercial aerospace segment. The company's strategic expansion, including increased overseas revenue share and capacity expansions in Turkey and Oman, further supported positive market sentiment.

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