IFGL Refractories has soared 11% to Rs 61, extending its past five day’s rally, on reporting a robust earnings for the second quarter ended September 30, 2013 (Q2FY14).
The stock opened at Rs 56 and touched high of Rs 61.50, also its 52-week high on the National Stock Exchange (NSE).
Since November 8, in past six trading sessions the stock has rallied 56% from Rs 40.30, after reporting nearly five-fold jump in consolidated net profit at Rs 19.06 crore for Q2FY14 as against Rs 4 crore in the same quarter previous year.
During the quarter under review, the company has reported net sales of Rs 202 crore against Rs 166 crore for the quarter ended September 30, 2012.
The stock opened at Rs 56 and touched high of Rs 61.50, also its 52-week high on the National Stock Exchange (NSE).
Since November 8, in past six trading sessions the stock has rallied 56% from Rs 40.30, after reporting nearly five-fold jump in consolidated net profit at Rs 19.06 crore for Q2FY14 as against Rs 4 crore in the same quarter previous year.
During the quarter under review, the company has reported net sales of Rs 202 crore against Rs 166 crore for the quarter ended September 30, 2012.