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Shares of Ujjivan Financial Services surged nearly 10 per cent as the company has reported a consolidated net profit of Rs 44.3 crore in the second quarter ended September 30.
After a positive opening on the BSE, the company shares climbed 9.7 per cent to touch the day’s high of Rs 238.7. At 2.10 pm local time, the shares were up 7.86 per cent at Rs 234.60 on the BSE. On the National Stock Exchange, the scrip climbed 9.6 per cent to an intra-day high of Rs 238.6. It was trading up 7.7 per cent at Rs 234.35 in the afternoon trade.
The company had on Wednesday posted a consolidated net profit of Rs 44.3 crore for the September 2018 quarter. It had registered a net loss of Rs 12 crore in the corresponding period of the previous fiscal. Total income increased 23.6 per cent to Rs 467.40 crore.
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