Technocraft Industries (India) has locked upper circuit filter of 10% at Rs 70 extending its Friday’s 20% rally on reporting net profit at Rs 22.15 crore for the quarter ended June 30, 2012, against net loss of Rs 7.32 crore in previous year quarter. Net sales grew 36% at Rs 167 crore on year-on-year basis.
The iron and steel products maker has surpassed its entire previous year net profit of Rs 18.30 crore in first three months of current fiscal.
The stock has rallied 32% in past two trading days as compared to a marginal 0.1% rise in BSE-500 index. A combined 263,214 shares have changed hands on the counter so far and there are pending buy orders for 71,198 shares on the NSE and BSE.
