Shares of Oberoi Realty rose over 4 per cent as the company has reported over two-fold jump in its consolidated net profit for the second quarter of this fiscal.
The stock jumped 4.11 per cent to end at Rs 394.15 on the BSE. Intraday, it rose 7.46 per cent to Rs 406.85. On the NSE, the stock moved up by 3.76 per cent to close at Rs 394.55.
Oberoi Realty had on Monday reported over two-fold jump in its consolidated net profit at Rs 213.83 crore for the second quarter of this fiscal. Its net profit stood at Rs 104.32 crore in the year-ago period, the Mumbai-based company said in a regulatory filing.
Consolidated revenue rose 95 per cent to Rs 592.11 crore during July-September quarter of 2018-19 fiscal against Rs 303.52 crore in the corresponding period of the previous year.