Jaihind Projects stock hits 10% upper circuit

The company has reported net profit at Rs. 7.70 crore in the quarter ended March 2015 as against net loss of Rs. 11.08 crore during the previous quarter ended March 2014.

Jun 01, 2015 12:06 IST India Infoline News Service

Shares of Jaihind Projects Ltd hit 10% upper circuit at Rs. 20.70 after strong Q4 earnings. The company has reported net profit at Rs. 7.70 crore in the quarter ended March 2015 as against net loss of Rs. 11.08 crore during the previous quarter ended March 2014. Sales rose 87.23% to Rs. 193.46 crore in the quarter ended March 2015 as against Rs. 103.33 crore during the previous quarter ended March 2014.

The stock opened at Rs. 20.70 as against the previous close of Rs. 18.85 on BSE. It has hit a high of Rs. 21 and a low of Rs. 20.70 on BSE today.

Total traded quantity on the counter stood at over 40.60 lk shares on BSE.

Meanwhile, the Sensex has gained 78 points at 27,907.

Related Story