Sujana Towers soars on robust Q4 earnings

BSE 23 May 12 | 12:00 AM

7.17		-0.05 (-0.69%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: 532887

Face Value: N.A.

NSE 23 May 12 | 12:00 AM

7.15		-0.1 (-1.38%)
Mkt Price (Rs)		Chg Rs (Chg %)

Code: SUJANATOW

Performance
1 Week	:	Rs	7.37	(-2.71%)
1 Month	:	Rs	7.92	(-9.47%)
1 Year	:	Rs	34.75	(-79.37%)

Sujana Towers soars on robust Q4 earnings

SI Reporter / Mumbai 26 May 11 | 12:09 PM

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Sujana Towers has soared 9% at Rs 35.30 after reporting a three-fold year-on-year jump in net profit at Rs 14.37 crore for the quarter ended March 2011. The company had reported a net profit of Rs 4.71 crore in the year-ago period.

Net sales grew 74% at Rs 407 crore from Rs 234 crore during the recently concluded quarter, the company said in a filing to the stock exchanges.

The stock opened at Rs 32.90 and hit a high of Rs 35.80 on the NSE. A combined 2.42 million shares have already changed hands on the counter till 1144 hours, against an average around one million shares traded daily in the past two weeks.