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Sugar major Bajaj Hindusthan rose by nearly 4 per cent in morning trade on the bourses today, boosted by an over two-fold jump in net profit for the quarter ended March.
Cheering the growth, shares of the country’s largest sugar firm went up by 3.87 per cent to touch an early high of Rs 77.80 on BSE.
Similarly, the stock touched an early peak of Rs 77.85, a jump of 3.8 per cent on the National Stock Exchange.
On the volume front, over 12 lakh shares of the company were traded on the two bourses in the morning session.
The company late last week reported an over two-fold jump in net profit to Rs 72.82 crore for the quarter ended March from Rs 31.79 crore in the year-ago period.
Bajaj Hindusthan also announced a rights issue to raise up to Rs 2,000 crore.
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