Ingersoll-Rand has soared 10% to Rs 468 after reporting a healthy 81% year-on-year (y-o-y) growth in net profit at Rs 27.79 crore for the quarter ended December 2011, compared with Rs 15.35 crore in the corresponding quarter of previous fiscal. Net sales grew 20% at Rs 183 crore on y-o-y basis.
The profit margins have improved substantially, with operating profit margins (OPM) improved to 23.17% from 15.94% and net profit margins (NPM) to 15.16% from 10.09% during the recently concluded quarter.
The trading volumes on the counter surged more than two-fold, with a combined 75,616 shares have changed hands so far, against an average less than 30,000 shares that were traded daily in past two weeks.
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