Shares of Indian Hotels Company on Wednesday climbed over 6 per cent after it reported a consolidated net profit of Rs 69.30 crore for the second quarter ended September.
The company's stock rallied 6.08 per cent to close at Rs 155.40 on the BSE. During the day, it jumped 7.84 per cent to Rs 158.
At the NSE, it gained 6.17 per cent to close at Rs 155.60.
In traded volume terms, 2.35 lakh shares of the company were traded on the BSE and over 48 lakh shares on the NSE during the day.
The Tata Group firm on Monday reported a consolidated net profit of Rs 69.30 crore for the second quarter ended September 30, 2019.
It had posted a loss of Rs 5.57 crore in July-September period a year ago, Indian Hotels Company Ltd (IHCL) said in a filing to the BSE.
Total income rose 4.83 per cent to Rs 1,028.57 crore during the quarter under review as against Rs 981.15 crore in the corresponding quarter of the previous fiscal.
Equity markets were closed on Tuesday on account of Guru Nanak Jayanti.
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