Shares of Jubilant FoodWorks surged nearly 8 per cent as the company reported over three-fold jump in net profit for the quarter ended December 31, 2017 mainly on account of higher income.
The stock soared 7.73 per cent to end at Rs 2,091.55 on the BSE. During the day, it jumped 8.91 per cent to Rs 2,114.65 - its 52-week high. On the NSE, shares of the company climbed 7.71 per cent to close at Rs 2,093.30.
The company’s market valuation went up by Rs 989.99 crore to Rs 13,800.99 crore. In terms of equity volume, 3.25 lakh shares of the company were traded on BSE and over 52 lakh shares changed hands on the NSE during the day.
According to a BSE filing, the company had posted a net profit of Rs 19.97 crore during the October-December quarter of the previous fiscal. Total income increased 20.55 per cent to Rs 798.50 crore as against Rs 662.37 crore in the year-ago period.