De Nora India has locked in 20% upper circuit of Rs 195 after reporting almost eight-fold jump in net profit at Rs 6.81 crore in September 2012 quarter on back of higher operational income. The company engaged in electrolytic products had profit of Rs 89 lakh in previous year quarter.
“The company’s total income from operations jump five-times to Rs 25.58 crore from Rs 4.96 crore during the recently concluded quarter,” De Nora said in a statement.
Meanwhile, the Goa-based company has surpassed its entire previous fiscal profit of Rs 4.78 crore in first six months of current fiscal. The company has reported profit of Rs 10.40 crore in April-September period.
The stock opened at Rs 195 and hit a low of Rs 182 on the NSE. A combined 146,608 shares have already changed hands on the counter so far and there are pending buy orders for 8,392 shares on the NSE and BSE.