Navneet Publications rises on good results

The Navneet Publications scrip rose 8.26 per cent to Rs 77.35 after the company announced its results for FY09. The company reported a 25.33 per cent growth in consolidated sales, while its net profit grew by 4 per cent. The company also recommended a dividend of Rs 2.60 per share.

The stock opened at Rs 73 and made an intraday high of Rs 79 with volumes of 769,000 shares on the BSE compared with the two-week average volume of 142,000 shares. The stock is currently trading with a weekly gain of 16.8 per cent.