Investors' strong bullish tone in Eureka comes after the company posted triple-digit growth in net profit during Q4 of FY23. Not just that, Eureka has also announced a grant stock option to the tune of 1.35 crore for its eligible employees. Strong growth in Q4FY23:Eureka's owners earned a net profit of ₹20.59 crore in Q4FY23, rising by a whopping 346.32% YoY and 199.25% QoQ. For the full year FY23, Eureka earned a net profit of ₹26.55 crore versus ₹2.60 crore in FY22. Eureka employees' stock options plan:Also, as per the regulatory filing on Tuesday, Eureka announced that over 1.35 crore stock options have been granted to the eligible employees of the company.

Source: Forbes May 30, 2023 10:18 UTC