Shares of SJVN Ltd today surged over 5 per cent after the company posted a 23 per cent jump in standalone net profit for the quarter ended December.
The scrip went up by 5.15 per cent to close the trade at Rs 34.70 on BSE. During the day, it climbed 5.75 per cent to Rs 34.90.
At NSE, it advanced by 5.46 per cent to end at Rs 34.75.
SJVN yesterday reported a 23 per cent rise in its stand-alone net profit at Rs 261.06 crore for the said quarter.
"The company has posted a net profit of Rs 261.06 crore for the quarter ended December 31, 2016, whereas the same was at Rs 211.9 crore for the quarter ended December 31, 2015," the company said in a BSE filing.
According to the statement, total income stood at Rs 616.13 crore for the quarter as against Rs 554.78 crore in the year-ago period.
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