 "Emkay Global soars on robust Q2 results")
Emkay Global Financial Services has soared 18% at Rs 68 on the BSE after the company posted a consolidated net profit of Rs 4.62 crore for the quarter ended September 30, 2015 (Q2).
The company had reported net loss of Rs 12.83 crore in September 2014 quarter, which include one-time loss of Rs 18.94 crore on account of a material erroneous trade. It had profit of Rs 2.82 crore in June 2015 quarter.
Total consolidated income from operations however remained flat at Rs 28.13 crore in September quarter against Rs 28.28 crore in a year ago quarter.
The stock hit an intra-day high of Rs 69.80 on the BSE and has seen huge trading volumes. Till 10:25 am, a combined 360,806 shares changed hands against an average sub 25,000 shares that were traded daily in past two weeks on the BSE and NSE.
The company had reported net loss of Rs 12.83 crore in September 2014 quarter, which include one-time loss of Rs 18.94 crore on account of a material erroneous trade. It had profit of Rs 2.82 crore in June 2015 quarter.
Total consolidated income from operations however remained flat at Rs 28.13 crore in September quarter against Rs 28.28 crore in a year ago quarter.
The stock hit an intra-day high of Rs 69.80 on the BSE and has seen huge trading volumes. Till 10:25 am, a combined 360,806 shares changed hands against an average sub 25,000 shares that were traded daily in past two weeks on the BSE and NSE.