Gujarat NRE up on 100% jump in Q3 net

Gujarat NRE Coke ended at Rs 81, stronger by Rs 2 or 2.6%, on the BSE.

The stock opened at Rs 77 and touched a high of Rs 82 and a low of Rs 75 during the day.

The counter witnessed trades of 15.01 lakh shares on the BSE, as against the two-week daily average trade of 10.18 lakh shares.

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(Updated at 1017am)

Gujarat NRE Coke has gained 3% as Q3 net doubles to Rs 26.68 crore.

The stock opened at Rs 77 and touched a high of Rs 82.20 - up 7% rom its open. The stock is now trading with a 2.5% gain at Rs 81. Around 5.57 lakh shares have been traded on the BSE so far.

The company has informed the BSE through a press release that the net profit has jumped 101% to Rs 26.68 crore for the quarter ended December 2009 from Rs 13.26 crore in the corresponding quarter a year ago.

Total income, however, declined 27% to Rs 321.68 crore from Rs 439.32 crore in the same period.