The largest independent producer of low ash metallurgical coke in the country, Gujarat NRE Coke jumped 9.07 per cent to Rs 113.60 on the BSE after posting a 120.46 per cent surge in net profit to Rs 94.4 crore on a 150.77 per cent increase in total income to Rs 382.12 crore in Q1 June 2008 over Q1 June 2007.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The stock hit a high of Rs 118.90 and a low of Rs 104.50 during the day. A total of 38.36 lakh shares were traded on the BSE, compared to the average daily volumes of 15.30 lakh shares in the last quarter. 
</p><p class='TableClas'>The company's board announced an issue of bonus shares in the ratio of 2:5, but deferred a rights issue proposal. </P></p><p class='TableClas'></p></table>


Gujarat NRE Coke heats up on earnings growth

DALAL STREET SPIKES

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