Gujarat Foils zooms 14%

The stock so far has soared 16.2 per cent to touch a high at Rs. 78.

Feb 05, 2015 12:02 IST India Infoline News Service

Gujarat Foils is trading on a strong note after the company recorded 23.9 per cent jump in Q3 net profit, which stood at Rs. 3.1 crore for December 2014, as against Rs. 2.5 crore in a year ago period.

Similarly, total income also increased by 37.3 per cent to Rs. 140 crore from Rs. 102 crore.

The stock today opened at Rs. 73.80 - up 10 per cent. Soon, the stock has extended its gains and has zoomed 16.2 per cent to touch a high at Rs. 78.

Now, the stock is up 14 per cent to Rs. 76. The BSE counter has witnessed huge trades of around 103,000 shares, which is six-times more, when compared with its two-week daily average volume of 17,000 shares.

Meanwhile, the Sensex has jumped 89 points at 28,972.

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