Bata India shares end nearly 7% up after Q1 results

Shares of Bata India today ended with nearly 7 per cent gains after the company reported a 19.60 per cent increase in its net profit for the quarter ended June.
The stock jumped 6.61 per cent to settle at Rs 622.05 on BSE. During the day, it soared 7.11 per cent to Rs 625 -- its 52-week high.
At NSE, shares of the company surged 6.23 per cent to end at Rs 621.50.
The company's market valuation went up by Rs 496.06 crore to Rs 7,995.06 crore.
In terms of equity volume, 7.90 lakh shares of the company were traded on BSE and over 84 lakh shares changed hands at NSE during the day.

Net profit rose 19.60 per cent to Rs 60.4 crore for April-June period. The corresponding figure in the previous fiscal was Rs 50.5 crore, Bata India said in a statement.
Net sales during the quarter under review grew 10.13 per cent to Rs 743.1 crore, as against Rs 674.7 crore in the year- ago period.