Renaissance Jewellery soared 20% to close at its upper circuit at Rs 46.30. Around 2,96,379 shares were traded today.
__________________________________________________
Updated 1322 Hrs
Renaissance Jewellery has zoomed nearly 17% on the back of over 50% surge in FY09 standalone sales.
The stock has opened at Rs 39 and touched a high of Rs 46.20. The stock is now trading at Rs 45.05. The counter has seen heavy volumes of around 195,700 shares as against its two week daily average traded volume of around 13,700 shares on the BSE.
According to a release issued by the company to the BSE yesterday, the company's standalone net profit rose 14.6% to Rs 20.35 crore for the year ended March 31, 2009, as against Rs 17.76 crore in the last fiscal. Net sales grew 52.3% to Rs 659.43 crore from Rs 433 crore.
