Uflex shares jumped the most intraday in 33 months. Shares of the packaging company surged as much as 15.9 per cent to Rs 331.80, highest since May 9.
The stock posted biggest intraday percentage gain since August 2015. More than 930,000 shares traded, versus their 30-day moving average of 169,488 shares.
The company had on Monday posted 28 per cent drop in March quarter consolidated profit. The drop was primarily due to increased depreciation cost on account of commissioning of aseptic packaging plant and higher tax outgo, Uflex said in a statement.
The stock had fallen nearly 41 per cent this year up to Monday's close.