CMC jumped 5.41% to Rs 1,448 at 9:27 IST on BSE after consolidated net profit grew 27% to Rs 67.31 crore on 15% increase in operating revenue to Rs 560.75 crore in Q2 September 2013 over Q1 June 2013.
The result was announced after trading hours on Monday, 14 October 2013.
Meanwhile, the BSE Sensex was up 122.57 points, or 0.59%, to 20,730.11.
On BSE, 6,362 shares were traded in the counter compared with average volume of 4,722 shares in the past one quarter.
The stock hit a high of Rs 1,474 and a low of Rs 1,409.60 so far during the day. The stock hit a record high of Rs 1,523 on 9 April 2013. The stock hit a 52-week low of Rs 1,055.05 on 22 October 2012.
The stock had outperformed the market over the past one month till 14 October 2013, rising 6.98% compared with the Sensex's 4.43% rise. The scrip had, however, underperformed the market in past one quarter, rising 1.10% as against Sensex's 3.25% rise.
The mid-cap company has an equity capital of Rs 30.30 crore. Face value per share is Rs 10.
CMC's consolidated earnings before interest taxes depreciation and amortization (EBITDA) rose 16% to Rs 88.41 crore in Q2 September 2013 over Q1 June 2013.
"The company has registered excellent growth in the international markets and continues to find very good traction among its clients across geographies," said R Ramanan, CEO and MD. "The company added 19 clients across geographies," he added. "The company has maintained its margins after providing for salary hikes to its employees," added Mr. Ramanan.
CMC is a pioneer Information Technology solutions provider in India and is a subsidiary of Tata Consultancy Services (TCS). Operating out of 18 offices and 180 service locations in the country, CMC employs over 10,000 people and has a wholly-owned subsidiary in USA called CMC Americas, Inc.
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