Shares of Nahar Industrial Enterprises surged close to 20 per cent today after the company reported a sharp jump in quarterly net profit.
On Monday, the company posted a net profit of Rs 30.21 crore for the quarter ended September as against Rs 2.02 crore in the year-ago period.
On BSE, the stock opened at Rs 116 before rising 19.99 per cent to hit a high of Rs 118.25 -- its upper circuit limit.
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The company's market capitalisation stands at Rs 470.94 crore on BSE.
On NSE, it went up by 20 per cent to hit its upper price limit of Rs 118.50.
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