Comments
Shares of Torrent Power hit near 11-week high on March-quarter results. The stock climbed as much as 5.1 per cent to Rs 254.5, highest since March 16.
The stock was on track to gain for a fifth straight session. More than 1.8 million shares traded, versus their 30-day moving average of 718,984. The stock had fallen nearly 15 per cent this year up to Tuesday’s close.
Torrent Power Ltd had on Tuesday registered a standalone net profit of Rs 215 crore for the quarter ended March 2018 as against Rs 135 crore recorded in the corresponding quarter a year ago, showing a growth of 59 per cent year-on-year.
The company's total income from operations stood at Rs 2,798 crore for the quarter under review, against Rs 2,421 crore in the same quarter a year ago.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.