SRF, DCB Bank,Titan, Merck hit record highs on strong March qtr performance

SRF was up 5.5 per cent to Rs 2,744, surging 18 per cent from Tuesday's low, after the company reported 54 per cent YoY jumped in consolidated net profit at Rs 191 crore in March quarter of FY19.

March quarter earnings for most companies have been a mixed bag so far. Among these, however, SRF, DCB Bank, Titan Company and Merck are some of the companies on the S&P BSE 500 index, which hit their respective record high on Wednesday. All of them reported a strong earning in the recently concluded quarter for FY19. DCM Shriram from the index hit 52-week high on good results for the quarter.

Shares of SRF were up 5.5 per cent to Rs 2,744 apiece during the intra-day trade today, surging 18 per cent from Tuesday’s low. The company reported 54 per cent