Shares of Jindal StainlessBSE 1.97 % hit a nine-year high in Monday’s trade after the company reported better-than-expected fourth quarter earnings on Friday.
The scrip rose 5.9 per cent in early trade on BSE to its highest level since January 18, 2008.
The steelmaker reported a net profit of Rs 161 crore ($25.14 million) for March quarter,
The steelmaker reported a net profit of Rs 161 crore ($25.14 million) for March quarter,
Compared with a loss of Rs 171 crore reported for the year-ago quarter.
A total of 10 lakh shares changed hands on the counter in the first 45 minutes of trade on BSE on Monday.
A total of 10 lakh shares changed hands on the counter in the first 45 minutes of trade on BSE on Monday.
Which was double the 30-day average trading volume of the stock.
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