Shree Ganesh Jewellery House has locked upper circuit of 20% at Rs 85.60 after reporting over three-fold surged in net profit at Rs 194 crore for the fourth quarter ended March 2012. The company engaged in apparels and accessories business had a net profit of Rs 56.55 crore in year ago quarter. Total income from operations jumped 65% at Rs 2,106 crore on year-on-year basis.
A combined 1.56 million shares have already changed hands on the counter so far against an average less than 60,000 shares that were traded daily in past two weeks. There are pending buy orders for 90,537 shares on the NSE and BSE.
