Sintex Industries shares rally 20% post Q2 results

Image
Press Trust of India Mumbai
Last Updated : Oct 13 2014 | 5:05 PM IST
Shares of Sintex Industries soared nearly 20 per cent today after the company reported 47 per cent growth in consolidated net profit for the second quarter ended September 2014.
The company's scrip ended at Rs 86.90, up 19.70 per cent from its previous close. During the day, it jumped 19.97 per cent to Rs 87.10.
At the NSE, the stock settled 19.96 per cent higher at Rs 87.15.
On the volume front, 77.43 lakh shares of the company changed hands at the BSE, while more than 3 crore shares were traded at the NSE during the day.
Led by the rally in the stock, the company's market value surged Rs 510.82 crore to Rs 3,102.82 crore.
The company reported 47 per cent growth in consolidated net profit at Rs 107 crore for the second quarter ended September 2014 (Q2).
It had reported a profit of Rs 73 crore in previous year quarter.
Total income increased from Rs 1,365.4 crore for the quarter ended September 30, 2013 to Rs 1,687 crore for the quarter ended September 30, 2014, the company said in a BSE filing.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 13 2014 | 5:05 PM IST

Next Story