The stock opened at Rs 255 which was also the low for the day. In the noon trades the stock touched a high of Rs 265. Around two and a half lakh shares changed hands on the BSE and NSE.
Earlier in the month, the company had reported a consolidated sales turnover of Rs 931.79 crore and a net profit of Rs 118.26 crore for the quarter ended Dec '12 as compared to the consolidated sales turnover was Rs 775.09 crore and net profit was Rs 78.91 crore for the quarter ended Dec '11.
Motilal Oswal has recommended a buy rating for a target price of Rs 275.