Shares of Adani Ports and Special Economic Zone (APSEZ) today surged nearly 9 per cent after the company reported 31 per cent jump in consolidated net profit for the quarter ended June 30.
The scrip zoomed 8.93 per cent to Rs 260.95 on the BSE. On the NSE, it soared 8.96 per cent to Rs 261.25.
APSEZ had yesterday reported a healthy 31 per cent jump in consolidated net profit at Rs 835.71 crore for the quarter ended June 30, riding on growth in cargo volumes.
The firm, led by Gautam Adani, had clocked a net profit of Rs 638.93 crore in the year-ago period, it had said in a BSE filing.
Total consolidated income rose 7 per cent to Rs 1,826.58 crore in the April-June quarter from Rs 1,714.78 crore during the same quarter of 2014-15.
Total expenses were higher at Rs 937.80 crore against Rs 850.81 crore in the year-ago period.
JK Tyre
Shares of JK Tyre & Industries today slumped 7 per cent after the company reported a consolidated net profit of Rs 100.26 crore for the first quarter ended June 30.
After a weak opening, shares of the company further went down 6.56 per cent to Rs 98.20 on the BSE.
On the NSE, it tanked 7 per cent to Rs 98.10.
The company had posted a consolidated net profit of Rs 117.07 crore in the same period last fiscal, JK Tyre & Industries had said in a BSE filing yesterday.
Net sales during the period under review stood at Rs 1,703.86 crore. It was Rs 1,749.11 crore in the year-ago period.
Since the financial results also include that of Cavendish Industries Ltd, which the company had acquired in the middle of April, the figures are not comparable, it added.