Electrosteel Castings surged 7.42% to Rs 14.05 at 14:59 IST on BSE after net profit rose 1.96% to Rs 33.73 crore on 6.91% growth in total income from operations to Rs 512.72 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced during trading hours today, 5 February 2014.
Meanwhile, the S&P BSE Sensex was up 58.42 points or 0.29% at 20,270.35.
On BSE, so far 90,000 shares were traded in the counter as against average daily volume of 51,000 shares in the past two weeks.
The stock hit a high of Rs 14.40 and a low of Rs 13.06 so far during the day.
The profit after tax (PAT) during the quarter was pulled down due to base effect. Other income fell sharply by 92.26% to Rs 2.91 crore in Q3 December 2013 over Q3 December 2012.
Electrosteel Castings is a leading pipeline solution provider. The company has a strong brand presence around the globe.
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