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Dalal Street Spikes

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Our Markets Bureau Mumbai
Last Updated : Feb 06 2013 | 10:05 PM IST
 More than 46.64 lakh shares were traded on the BSE.

 The counter moved up on good buying support after the first-half's net profit of the company is reported to have risen 467 per cent.

 MUL has posted a net profit of Rs 123.99 crore in the second quarter ended September 30, 2003.

 MUL has also reported a robust first-half April-September 2003 growth. Net profit for the first-half surged 467 per cent to Rs 244.28 crore from Rs 43.08 crore.

 Players had been building positions on the counter on expectations of a good result. This was despite the company facing problems due to a strike at a key vendor.

 Sales for the April-September 2003 period rose 31 per cent to 2,12,468 units. Analysts attribute this to cheap financing options.

 

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First Published: Nov 01 2003 | 12:00 AM IST

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