Coal India shares today rose over 2 per cent, a day after the company reported a 7.8 per cent rise in consolidated net profit for the first quarter ended June 30, 2012.
After opening on a bullish note, the scrip gained 2.37 per cent to Rs 355.80 on the BSE. On the NSE, the stock climbed 2.4 per cent to Rs 356.
The scrip was the top performer among the BSE 30-scrip blue-chip index Sensex.
State-owned Coal India had yesterday reported a 7.8 per cent rise in consolidated net profit at Rs 4,469 crore in the first quarter ended June 30, on the back of higher sales and e-auction realisation.
It had posted a net profit of Rs 4,144 crore in the year-ago period.
Net sales during April-June quarter increased 13.8 per cent to Rs 16,500 crore from Rs 14,499 crore in the same period last fiscal.