Prataap Snacks hits new high as Q2 profit more than doubles

The stock soared 10% to Rs 1,404 on the BSE in intra-day trade, appreciated 50% against issue price of Rs 938 per share

Partaap Snacks soared 10% to Rs 1,404 on the BSE in intra-day trade after the company reported more than doubled consolidated net profit at Rs 12.93 crore in September quarter (Q2FY18). It had profit of Rs 5.33 crore in the same quarter last fiscal.

The stock is trading at its highest level since listing on October 5, appreciated 50% against issue price of Rs 938 per share. The S&P BSE Sensex was up 5% during the same period.

Income from operations during the quarter under review increased by 11% at Rs 262 crore against Rs 235 crore in