Indian Hume Pipe Company was locked at 20% upper circuit to Rs 544.10 on BSE after net profit jumped 311.15% to Rs 25.99 crore on 110.8% rise in net total income from operations to Rs 447.62 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during market hours today, 28 July 2016.Meanwhile, the S&P BSE Sensex was up 209.80 points or 0.75% at 28,234.13.
High volumes were witnessed on the counter. On BSE, so far 52,632 shares were traded in the counter as against average daily volume of 2,066 shares in the past one quarter. The stock hit a low of Rs 516 in intraday trade.
Indian Hume Pipe Company is engaged in the business of providing integrated water supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of water supply and irrigation projects.
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