Shares of GE T&D India Ltd today zoomed 20 per cent after the company posted a net profit of Rs 61.6 crore for the first quarter ended June 30, 2017.
The scrip rose sharply by 19.99 per cent to close at Rs 392.90 -- its 52-week high as also the highest trading permissible limit for the day -- on BSE.
At NSE, shares of the company jumped 19.75 per cent to end at Rs 394.
On the volume front, 4.92 lakh shares of the company were traded on BSE and over 27 lakh shares changed hands at NSE during the day.
The company had posted a net loss of Rs 197.4 crore in the year-ago period, GE T&D India Ltd said in a BSE filing yesterday.
The company's total income increased to Rs 1,305.5 crore as compared to Rs 937.7 crore in the corresponding quarter of the previous fiscal.
GE T&D India is a leading player in the power transmission and distribution business with a product portfolio ranging from medium voltage to ultra high voltage (1,200 kV) for power generation, utility, industry and infrastructure markets.
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