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Sintex shares surge 20% post Q2 earnings, gain most on BSE

The company's scrip ended 19.70 per cent higher from its previous close, at Rs 86.90. Intra-day, the stock jumped 19.97 per cent to Rs 87.10.

twitter-logoPTI | October 13, 2014 | Updated 22:50 IST
Sintex Industries shares rally 20% post Q2 results
(Photo: Reuters)

Shares of Sintex Industries soared nearly 20 per cent on Monday, after the company reported a 47 per cent growth in consolidated net profit for the second quarter ended September 2014, gaining the most on the Bombay Stock Exchange.

The company's scrip ended 19.70 per cent higher from its previous close, at Rs 86.90 on the BSE. Intra-day, the stock jumped 19.97 per cent to Rs 87.10.

At the National Stock Exchange (NSE), shares of the plastic water tank maker settled 19.96 per cent higher at Rs 87.15.

On the volume front, 77.43 lakh shares of the company changed hands at the BSE, while more than 3 crore shares were traded at the NSE during the day.

Led by the rally in the stock, the market value of Sintex surged by Rs 510.82 crore to Rs 3,102.82 crore.

The company reported a 47 per cent growth in consolidated net profit at Rs 107 crore for the second quarter ended September 2014 (Q2).

It had reported a profit of Rs 73 crore in the reporting quarter a year ago.

Total income increased from Rs 1,365.4 crore for Q2 in FY14 to Rs 1,687 crore for the reporting quarter in the current fiscal year the company said in a filing to the BSE.

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