Shares of Torrent Power surged as much as 9.2 per cent to hit intraday high of Rs 172.50 after the company reported that its net profit for the March quarter jumped 113 per cent to Rs 369.43 crore.
Torrent Power reported net profit of Rs 172.85 crore during the March quarter of FY14.
Revenues of Torrent Power jumped 17.89 per cent to Rs 2,571.23 crore from Rs 2,180.99 crore during March quarter last year.
The fourth quarter numbers posted by Torrent Power above what the Street had anticipated.
As of 12:20 p.m., the shares of Torrent Power were up 4.9 per cent at Rs 165.70. The shares came in high demand as 6,29,000 shares changed hands on the Bombay Stock Exchange compared to its average of 3,75,000 shares traded daily in the past two weeks.
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