HDIL on Tuesday reported more than a three-fold jump in the consolidated net profit at ₹24.70 crore in the quarter ended June on higher sales.
New Delhi: Shares of realty firm HDIL continued their rally for the second straight session on Thursday, zooming nearly by 20% on robust performance in June quarter earnings.
The company’s stock surged 18.27% to close at ₹30.75 on the BSE. During the day, it jumped 20% to ₹31.20.
On the NSE, shares of the company soared 19.84% to end at ₹31.10.
On the equity volume front, 85.71 lakh shares of the company were traded on the BSE and over 6 crore shares changed hands on the NSE during the day. Moreover, shares of HDIL on Tuesday soared nearly 12%.
Stock markets were closed on Wednesday for Independence Day.
HDIL on Tuesday reported more than a three-fold jump in the consolidated net profit at ₹24.70 crore in the quarter ended June on higher sales. Its net profit stood at ₹7.54 crore in the year-ago period, the Mumbai-based company said in a regulatory filing.
Total income rose to ₹171.35 crore during April-June, 2018-19 from ₹89.65 crore in the year-ago period.