Shares of Nahar Industrial Enterprises surged close to 20 per cent today after the company reported a sharp jump in quarterly net profit.
On Monday, the company had posted a net profit of Rs 30.21 crore for the quarter ended September against Rs 2.02 crore in the year-ago period.
On BSE, the stock opened at Rs 116 before rising 19.99 per cent to hit a high of Rs 118.25 — its upper circuit limit.
The company’s market capitalisation stands at Rs 470.94 crore on the BSE.
On the NSE, the stock went up by 20 per cent to hit its upper price limit of Rs 118.50.