TRF surges on quarter results

DALAL STREET SPIKES

TRF stocks surged nearly 9 per cent to close at Rs 467.8 though backed by thin volumes of just under 30,000.

The increase occurred on the back of a strong financial performance in the December 2006 quarter in which the company had reported 154.4 per cent surge in net profit at Rs 4.96 crore.

The company's net sales doubled to Rs 80.37 crore. The stock has returned over 76 per cent in past one year and has consistently overperformed the Sensex since last March.

However, the last month saw the stock fluctuating in the Rs404-430 mark. In the pre-results period, the stock has risen by 2.3 per cent in the last six trading sessions.