DCM Shriram Cons adds 2% on leap in profit

The stock ended at Rs 56.85, up 2%. Around 144,309 shares were traded on the BSE today.
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(Updated at 1257 hrs)

DCM Shiram Consolidated is up after the company posted a four-fold jump in it's net profit.

The stock is now tarding at Rs 57.75, up around 4% from the previous close. The stock opened at Rs 58, touched a low of Rs 56 and a high of Rs 59.50. The counter has clocked a volume of 97,744 shares as compared to the two-week daily average traded volumes of 51,763 shares on the BSE so far.

The company recorded a leap in net profit to Rs 21.24 crore in June quarter as compared to Rs 4.87 crore in its previous quarter, a year ago. The net operating income increased by 12.64% to Rs 893.55 crore as against Rs 415 crore in the previous quarter.