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Shares of Bata India today ended with nearly 7 per cent gains after the company reported a 19.60 per cent increase in its net profit for the quarter ended June 30, 2017.
The stock jumped 6.61 per cent to settle at Rs 622.05 on BSE. During the day, it soared 7.11 per cent to Rs 625 — its 52-week high. On the NSE, shares of the company surged 6.23 per cent to end at Rs 621.50.
The company’s market valuation went up by Rs 496.06 crore to Rs 7,995.06 crore.
In terms of equity volume, 7.90 lakh shares of the company were traded on the BSE and over 84 lakh shares changed hands on the NSE during the day.
The company's net profit rose 19.60 per cent to Rs 60.4 crore for the April-June period. The corresponding figure in the previous fiscal was Rs 50.5 crore, Bata India said in a statement.
Net sales during the quarter under review grew 10.13 per cent to Rs 743.1 crore from against Rs 674.7 crore in the year- ago period.
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