Tulip Telecom touched a high of Rs 795, and finally settled with a gain of 6.3% at Rs 783. Around 57,900 shares changed hands at the counter on the BSE today.
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(Updated at 1247 hrs)
Tulip Telecom has surged on a good performance in Q4.
The stock opened up 1.5% at Rs 747 and rallied 6% to touch a high of Rs 779. It is currently trading at Rs 770, up 4.5% from the previous close. The counter has witnessed trades of over 22,000 shares so far on the BSE.
According to a release issued by the company to the BSE, the net profit has increased 60% to Rs 106.68 in Q4FY09 from Rs 66.29 crore in Q4FY08.
The total income is up 13% at Rs 467.73 crore in the quarter ended March 31,2009 from Rs 414.68 crore in the corresponding quarter a year ago.