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Shares of Kirloskar Brothers have zoomed almost 13% to Rs 209 on the BSE after reporting 138% year on year rise in its consolidated net profit at Rs 36.03 crore for the fourth quarter ended March 31, 2015 (Q4).
The net sales rose 12.1% to Rs 535.38 crore in Q4 March 2015.
Kirloskar Brothers' board of directors at its meeting held yesterday has approved in principle to invest upto Rs 10 crore in the paid up capital of The Kolhapur Steel.
The stock opened at Rs 199 and touched a high of Rs 218 on the BSE. A combined 196,471 shares changed hands on the NSE and BSE so far.
At 1132 hours, the stock was up 13.31% at Rs 211 on the BSE.
