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Shares of Punj Lloyd climbed on March-quarter profit. The stock climbed as much as 18.9 per cent to Rs 19.2, its highest since April 13.
The company has reported a standalone profit of Rs 944 crore for the quarter ended March 2018. The company had posted a loss of Rs 181.58 crore in the year-ago period.
According to a BSE filing, total income from operations in the January-March quarter increased to Rs 1,133 crore from Rs 1,027 crore in the corresponding period of 2016-17.
The stock posted biggest intraday percentage gain since January 1. Around 2.9 million shares changed hands in the first hour of trade, compared with the 30-day average of 708,403 shares. Up to Wednesday's close, the stock had fallen 33.3 per cent this year.
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