Shares in multiplex operator Inox Leisure has rallied over 14% at Rs 105 on back of heavy volumes on the bourses. The stock opened at Rs 93 and touched high of Rs 107, its highest level since May 2008 on the BSE. A combined 1.69 million shares have already changed hands till 1430 hours against an average less than 200,000 shares that were traded daily in past two weeks on the BSE and NSE.
The stock has outperformed the market by surging 78% in past three months compared to 11% rise in the benchmark S&P BSE Sensex.
Meanwhile, the company had reported a strong 63% year-on-year (y-o-y) jump in consolidated net profit at Rs 28.93 crore for H1FY14, on the back of higher non-operational income. The company had clocked in a net profit of Rs 18.45 crore in the entire previous fiscal. Inox is present in 40 cities with 73 multiplexes and 284 screens.
The stock has outperformed the market by surging 78% in past three months compared to 11% rise in the benchmark S&P BSE Sensex.
Meanwhile, the company had reported a strong 63% year-on-year (y-o-y) jump in consolidated net profit at Rs 28.93 crore for H1FY14, on the back of higher non-operational income. The company had clocked in a net profit of Rs 18.45 crore in the entire previous fiscal. Inox is present in 40 cities with 73 multiplexes and 284 screens.
