Rolta jumps on June quarter numbers

DALAL STREET SPIKES

On Thursday, Rolta India shot up 12.41 per cent to touch Rs 202.05. Earlier during the day the stock had touched a high of Rs 205.6. Over 21 lakh shares were traded on the BSE. The stock has appreciated over 29 per cent in the past one month.

On Thursday's upswing is on the back of good June quarter numbers. The company posted a consolidated net profit growth of 43.6 per cent to Rs 35.32 crore compared with Rs 24.58 crore in the corresponding previous quarter.

Consolidated net sales increased by 17.6 per cent during the same period to Rs 144.48 crore from Rs 122.78 crore. The company focuses on engineering software solutions and is a leading player in the GIS segment.