This MP Birla Group stock zooms over 100% in four months

The stock hit a new high of Rs 1,918, up 8% on Tuesday in intra-day trade, after the company reported net profit of Rs 557 million in September quarter against Rs 214 million in the year-ago period.

Shares of MP Birla Group firm Vidhya Telelinks hit a new high of Rs 1,918, up 8 per cent on the BSE in intra-day trade, after the company's  net profit more-than-doubled to Rs 557 million in September quarter (Q2FY19), on the back of strong operational income. It had reported a profit of Rs 214 million in the corresponding quarter last year.

The company’s revenue from operations rose 93 per cent at Rs 5,662 million against Rs 2,938 million in the corresponding quarter of previous fiscal.

The company reported healthy numbers for the second consecutive quarter. For the first half