The stock of NBFC major Sundaram Finance gained as much as 10.6 per cent to ₹1,665 on Friday noon trade.
The stock has gained 69 per cent from its 52-week low of ₹982 registered on March 25 this year.
Sundaram Finance posts ₹166-cr profit in Q1
Earlier, it had reported a six per cent increase in net profit for the quarter ended June 30 at ₹166 crore when compared to ₹157 crore in the corresponding period last year.
Revenue from operations stood at ₹948 crore against ₹930 crore recorded in the year-ago quarter.