Ripples Advisory, Sensex extends gains after hitting record high, Nifty above 11,100; ACC soars 10%
All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 per cent.
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Buzzing Stock: Shares of Delta Corp added 5 per cent intraday Tuesday on the back of strong June quarter numbers.
The company's Q1 net profit surged 52 per cent to Rs 28.61 crore versus Rs 18.81 crore in the same quarter last fiscal.
Revenue rose 36.7 percent to Rs 109.91 crore versus Rs 80.36 crore.
ACC jumps 13%: Shares of ACC gained around 13 per cent on Tuesday morning as investors cheered the company’s results.
The stock touched an intraday high of Rs 1,468.00 and an intraday low of Rs 1,395.10.
The company posted a higher-than-expected 1.2 per cent rise in second-quarter profit on Monday, helped by a fall in expenses.
Standalone profit was Rs 326 crore ($47.4 million) for the quarter ended June 30, compared with Rs 322 crore a year earlier, the Mumbai-based company said in a statement.
Cement sales volume rose 7.4 percent to 7.24 million tonnes in the quarter, it said.
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