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Shares of optical fibre maker Sterlite Tech surged over 10 per cent as the company reported nearly two-fold jump in June quarter results.
After opening the session on a positive note, the scrip further jumped 10.24 per cent to Rs 332 on the BSE. On the NSE, the stock soared 9.99 per cent to Rs 331.90. In terms of equity volume, 7.23 lakh shares of the company were traded on the BSE and over 46 lakh shares changed hands on the NSE.
Sterlite Tech had yesterday reported nearly two-fold jump in net profit at Rs 121 crore for the June quarter due to strong demand for its products in the domestic market. The company had registered a net profit of around Rs 61 crore in the same period a year ago.
Total income increased 17.6 per cent to Rs 884.14 crore during the quarter under review from Rs 751.19 crore in the year-ago period.
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