OCL India gains on robust Q1 earnings

Net profit for Apr-Jun 2015 surged 26% to Rs 49 crore compared with Rs 36 crore last fiscal

Shares of OCL India were up over 3% at Rs 525 on the Bombay Stock Exchange after the company's net profit for the quarter ended June 30, 2015 surged 36% to Rs 49 crore compared with Rs 36 crore for the corresponding quarter last fiscal.

Net sales for the quarter under review rose 26% to Rs 677 crore compared with Rs 538 crore for the quarter ended June 30, 2014.

The stock opened at Rs 520 and touched a high of Rs 549. At 13:55PM, over 15,000 shares were traded on both the stock exchanges.