Steelcast Ltd is trading higher over 3% higher at Rs 220 today after the company reported a 20.41% rise in net profit to Rs 2.95 crore for the quarter ended June 30.
The total income for the April - June quarter of FY13 was higher by 40.53% at Rs 63.9 crore over Rs 45.53 crore in the year before period.
The stock opened at Rs 214 and touched the high of Rs 220 in the opening deals. A total of 2,290 shares have changed hands on the Bombay Stock Exchange (BSE) in the first few minutes of trade, as compared to 12,375 shares that were traded everyday in the past two weeks.
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