NEW DELHI: Stocks of Bharat Forge surged nearly 5 per cent in trades on Monday after the company reported a 34.80 per cent year-on-year (YoY) rise in net profit to Rs 195.40 crore for the quarter ended June.
The company had reported a net profit of Rs 145 crore in the year-ago quarter.
Margins for the quarter expanded 240 basis points to 31.80 per cent, up from 29.40 per cent in the year-ago quarter, the company said in a filing to BSE.
The stock surged 4.63 per cent to hit its intra-day high of Rs 1,199 on the BSE, after falling as much as 1.5 per cent in the earlier trades amid cautiousn ahead of the quarterly numbers. Read More >>
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