Shares of
Neyveli Lignite said its first quarter Net Profit rose 10 percent to 367 crore rupees compared with 334 crore rupees in the same quarter a year ago. Sales during April-June surged 22 percent to 1,843.7 crore rupees from 1,510.5 crore rupees in the year ago period.
Neyveli Lignite 7.60 rupees, or 9 percent, to 92.70 rupees, its highest since Nov 4th, on the National Stock Exchange, where 26 lakh shares were traded by 2:30 pm compared with the 5-day average of 1.1 lakh shares.
Neyveli Lignite's market capitalisation has remained flat at 14,621 crore rupees in the past one year as investors stayed away from commoditized players.
Image credit: Indiatimes