Sintex Industries shares rally 20% post Q2 results

Shares of Sintex Industries soared nearly 20 per cent today after the company reported 47 per cent growth in consolidated net profit for the second quarter ended September 2014.
The company's scrip ended at Rs 86.90, up 19.70 per cent from its previous close. During the day, it jumped 19.97 per cent to Rs 87.10.
At the NSE, the stock settled 19.96 per cent higher at Rs 87.15.
On the volume front, 77.43 lakh shares of the company changed hands at the BSE, while more than 3 crore shares were traded at the NSE during the day.
Led by the rally in the stock, the company's market value surged Rs 510.82 crore to Rs 3,102.82 crore.

The company reported 47 per cent growth in consolidated net profit at Rs 107 crore for the second quarter ended September 2014 (Q2).
It had reported a profit of Rs 73 crore in previous year quarter.
Total income increased from Rs 1,365.4 crore for the quarter ended September 30, 2013 to Rs 1,687 crore for the quarter ended September 30, 2014, the company said in a BSE filing.