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Falling Covid-19 cases below 2 lakh infections a day is a strong indicator of unlocking ahead with various states rolling it out in a phased manner. Strong results from India Inc also uplifted the sentiments.
New Delhi: Shares of
Redington (India) hit upper circuit during the early trade on Friday after the company reported a healthy growth in net profit in the quarter ended on March 31, 2021.
Net profit of the integrated supply chain solution provider rose 153.78 per cent to Rs 302.51 crore in the March 2021 quarter, against Rs 119.20 crore during the same quarter a year ago.
The scrip surged as much as 20 per cent to Rs 219.05, scaling its new 52-week high. BSE Sensex was up by 331.81 points or 0.65 per cent at 51,447.03 at the time of writing this report. The counter was settled at Rs 182.55 on Thursday.
Read more about Redington India consolidated net profit rises 153.78% in the March 2021 quarter on Business Standard. Sales rise 22.40% to Rs 15503.94 crore