HeidelbergCement shares zoom 20% on smart Q2 earnings

Shares of HeidelbergCement India today zoomed 20 per cent after the company reported over two- fold jump in net profit for the quarter ending September 30.
The stock soared 19.98 per cent to settle at Rs 156.40 -- its 52-week high and also upper circuit limit -- on BSE.
At NSE, shares of the company jumped 20 per cent to close at Rs 156.60 -- its one-year peak and upper circuit limit.
In terms of equity volume, 4.75 lakh shares of the company were traded on BSE and over 32 lakh shares changed hands at NSE during the day.
HeidelbergCement India today reported over two-fold jump in net profit to Rs 33.2 crore for the quarter ending September 30 on account of lower expenses.

The company had posted a net profit of Rs 16.5 crore during the same period previous fiscal, HeidelbergCement India said in a regulatory filing.
Net sales during the quarter under review declined 6.64 per cent to Rs 419.9 crore as against Rs 449.8 crore in the year ago period.
Total expenses during the period stood at Rs 376.8 crore compared to Rs 438.4 crore in the same period previous fiscal.