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India Shelter Finance Shares Rise 9% As Q2 Profit Soars 67%

On the NSE, the stock rose as much as 9% during the day to Rs 579.05 apiece, the highest since its listing on Dec. 20.

Ananya Chaudhuri

(Source: India Shelter Finance Corporation/Facebook)

Shares of India Shelter Finance Corp. surged 9% on Friday as its net profit jumped 67% to Rs 60 crore in the second quarter.

The housing finance company's interest rose 42% to Rs 167.9 crore in the September quarter compared to Rs 118 crore in the year-ago period, according to an exchange filing on Thursday.

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On the NSE, India Shelter's stock rose as much as 9% during the day to Rs 579.05 apiece, the highest since its listing on Dec. 20. It was trading 6.97% higher at Rs 567.80 compared to a 3.1% decline in the benchmark Nifty 50 as of 11 a.m.

Also Read: Techno Electric Wins Rs 1,750-Crore Orders, Stock At All-Time High

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Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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