Diamond Power Infrastructure has surged 13% to Rs 131 on BSE after reporting 29% year-on-year (yoy) growth in net profit at Rs 40.32 crore for the second quarter ended September 2014 (Q2), on back of strong operational income. The company had profit of Rs 31.19 crore during the same quarter last fiscal.
Net sales of the company for the quarter grew 34.5% to Rs 896 crore against Rs 666 crore in previous year quarter.
The stock opened at Rs 123 and touched a high of Rs 133 on BSE. The trading volumes on the counter surged over three-fold with a combined 891,136 shares changed hands in first 45 minutes of trade on BSE and NSE.
Net sales of the company for the quarter grew 34.5% to Rs 896 crore against Rs 666 crore in previous year quarter.
The stock opened at Rs 123 and touched a high of Rs 133 on BSE. The trading volumes on the counter surged over three-fold with a combined 891,136 shares changed hands in first 45 minutes of trade on BSE and NSE.
