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.
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
