JM Financial shares jump 9 pc post Q2 earnings

Shares of JM Financial today surged 9 per cent after the company reported a 27 per cent rise in consolidated net profit for the second quarter ended September 30.
The stock zoomed 9.09 per cent to settle at Rs 186.10 on BSE. During the day, it jumped 11.92 per cent to Rs 190.95 -- its 52-week high.
On NSE, shares of the company soared 8.82 per cent to close at Rs 186.30.
In terms of equity volume, 13.56 lakh shares of the company were traded on BSE and over 93 lakh shares changed hands on NSE during the day.
JM Financial today reported a 27 per cent rise in consolidated net profit at Rs 145.84 crore for the second quarter ended September 30, owing to steady performance of its fund-based businesses.

Net profit after tax, minority interest and share of associates stood at Rs 114.65 crore in the corresponding July- September quarter of the previous fiscal.
Total income in the September quarter rose nearly 34 per cent to Rs 755.44 crore as against Rs 563.80 crore, the company said.