The stock finally settled at Rs 101, up 5% from the previous close. Around 1.75 million shares were traded on the BSE counter as compared to the two-week daily average traded volumes of 807,058 shares.
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(Updated at 1037hrs)
Exide Industries has surged in early trades this moning following a doubling in Q2 net profit.
The stock opened at Rs 98 and touched a high of Rs 103 - up over 7%. The stock is now trading near the day's high at Rs 102 - up 5.5%. Around 972,394 shares have been traded on the BSE so far.
On Monday also the stock had surged to touch a new 52-week high of Rs 105.
The company reported a 92% jump in net profit at Rs 149.67 crore for the quarter ended September 2009 from Rs 77.84 crore in the corresponding period a year ago.
Total income increased 5.5% to Rs 951.84 crore from Rs 900.83 crore.
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