Shares of Ramco Industries were up nearly 2% at Rs 102, in an otherwise weak market, after the company's consolidated net profit for the quarter ended December 2015 surged 335% to Rs 35.2 crore compared with Rs 8.1 crore in the same quarter ended December 2014.
Consolidated total income for the quarter under review was nearly unchanged at Rs 196.6 crore compared with Rs 196.7 crore in the same quarter ended December 2014.
The stock opened at Rs 100 and touched a high of Rs 105. At 11:05am, over 189,000 shares were traded on both the stock exchanges.