Shares of Ramky Infrastructure today soared by 9 per cent to hit one-year high during the day, registering 7th straight session of gains, as the company's net loss narrowed down substantially.
The stock climbed 7.83 per cent to settle at Rs 51.65 on BSE. During the day, it had surged 9.91 per cent to Rs 52.65 -- its 52-week high.
At NSE, shares of the company jumped 9 per cent to close at Rs 52.
In seven trading sessions, the stock has zoomed over 76 per cent.
Ramky Infrastructure's net loss narrowed substantially to Rs 12.35 crore in the quarter ended December 31, due to high income and lower finance cost.
It had posted a net loss of Rs 133.09 crore in the year-ago period. The company reported its quarterly results on February 14.
Hyderabad-based Ramky Infrastructure is an integrated construction, infrastructure development and management company.
