Shares of Gammon Infrastructure today jumped nearly 9 per cent after the company reported a consolidated net profit of Rs 5.98 crore for the third quarter of 2014-15.
The stock ended the day 8.03 per cent higher at Rs 16.15 on the BSE. During the day, it rallied 15.91 per cent to Rs 17.33.
At the NSE, it climbed 8.70 per cent to settle at Rs 16.25.
Also Read
Led by the gain in the stock, the company's market value rose by Rs 113.6 crore to Rs 1,516.60 crore.
Gammon Infrastructure had on Saturday reported a consolidated net profit of Rs 5.98 crore for the third quarter of 2014-15 on lower finance costs.
The company had a loss of Rs 31.32 crore in the October-December quarter of last fiscal.
Total income of the company rose to Rs 253 crore in the quarter, from Rs 139 crore a year earlier. Expenses also rose to Rs 175 crore during the period from Rs 100 crore a year ago period.
