Torrent Power rose 6.17% to Rs 167.70 at 9:30 IST on BSE after consolidated net profit rose 2.34% to Rs 181.61 crore on 20.13% growth in total income to Rs 2742.72 crore in Q4 March 2015 over Q4 March 2014.
The result was announced after market hours yesterday, 12 May 2015.
Meanwhile, the BSE Sensex was up 308.38 points, or 1.15%, to 27,185.86.
On BSE, so far 96,000 shares were traded in the counter, compared with an average volume of 1.07 lakh shares in the past one quarter.
The stock hit a high of Rs 168 and a low of Rs 165.20 so far during the day. The stock hit a 52-week high of Rs 186.50 on 19 December 2014 . The stock hit a 52-week low of Rs 121 on 13 August 2014.
The stock had outperformed the market over the past one month till 12 May 2015, falling 2.74% compared with 6.93% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 7.39% as against Sensex's 6.69% fall.
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The mid-cap company has an equity capital of Rs 472.45 crore. Face value per share is Rs 10.
On a consolidated basis, Torrent Power's net profit rose 241.7% to Rs 359.69 crore on 20.5% growth in total income to Rs 10762.27 crore in the year ended March 2015 over the year ended March 2014.
Torrent Power is one of the leading brands in the Indian power sector, promoted by the Torrent Group. With an all-round experience in generation, transmission and distribution of power, and a proven track record of implementing large power projects, Torrent Power is the most experienced private sector player in Gujarat.
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