Bata India shares jump 7% after Q1 results

Shares of Bata India today surged almost 7 per cent after the company reported a 19.60 per cent increase in its net profit for the quarter ended June.

The stock soared 6.94 per cent to Rs 624 -- its 52-week high -- on the BSE.

On the NSE, it jumped 6.75 per cent to touch its one year high of Rs 624.50.

Net profit rose 19.60 per cent to Rs 60.4 crore for April-June. The corresponding figure in the previous fiscal was Rs 50.5 crore, Bata India said in a statement.

Net sales during the quarter under review grew 10.13 per cent to Rs 743.1 crore as against Rs 674.7 crore in the year- ago period.