The scrip gave up mostly all its gains and finally settled flat at Rs 422, up 0.5% from the previous close. The counter clocked volumes of 1.19 million shares as compared to 910,991 shares traded on the BSE.
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(Updated at 1227hrs)
Lanco Infratech has surged on a 44% surge in Q1 net profit.
The stock opened at Rs 425 but slipped 2.5% to a low of Rs 415. Thereafter, the stock surged 7% from the low to a high of Rs 444. The stock is now up 4.7% at Rs 440. Around 729,105 shares have been traded on the BSE so far.
The company reported a 44% rise in Q1 net profit at Rs 140.8 crore from Rs 97.6 crore in the corresponding quarter a year ago. Net sales is up 140% at Rs 2,195.4 crore in Q1FY10 from Rs 913.9 crore in Q1FY09.
