Net profit of Jindal Saw rose 86.23 per cent in the quarter ended March 31, 2010. It stood at Rs 178 crore this quarter as against Rs 95.58 crore in the corresponding period a year before. Net sales, meanwhile, was down 25.78 per cent to touch Rs 1,086.27 crore this quarter as against Rs 1,463.63 crore in the corresponding period a year ago.
Shares of the company were up 0.9 per cent today to close at Rs 215. The stock hit an intra-day high of Rs 219.10 and a low of Rs 213.20 respectively.
