Shares of Zuari Agro Chemicals Ltd today surged 20 per cent after the company reported nearly four-fold jump in its standalone net profit for the second quarter ended September.
The stock soared 20 per cent to settle at Rs 591.40 -- its 52-week high and upper circuit limit -- on BSE.
On NSE, shares of the company jumped 19.99 per cent to end at Rs 589.85.
The company's market valuation went up by Rs 415.31 crore to Rs 2,487.31 crore.
Zuari Agro Chemicals today reported nearly four-fold jump in its standalone net profit to Rs 53.52 crore for the second quarter ended September.
Its net profit stood at Rs 13.39 crore in the year-ago period, the fertiliser company said in a BSE filing.
Total revenue rose to Rs 1,346.77 crore in the second quarter of 2017-18 fiscal from Rs 1,084.17 crore in the corresponding period of the previous year.
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