Shares of Delta Corp added 5 percent intraday Tuesday on the back of strong June quarter numbers.
The company's Q1 net profit surged 52 percent to Rs 28.61 crore versus Rs 18.81 crore in the same quarter last fiscal.
Revenue rose 36.7 percent to Rs 109.91 crore versus Rs 80.36 crore.Shares of ACC gained around 13 percent on Tuesday morning as investors cheered the company’s results.
The stock touched an intraday high of Rs 1,468.00 and an intraday low of Rs 1,395.10.
The company posted a higher-than-expected 1.2 percent rise in second-quarter profit on Monday, helped by a fall in expenses.
Standalone profit was Rs 326 crore ($47.4 million) for the quarter ended June 30, compared with Rs 322 crore a year earlier, the Mumbai-based company said in a statement. Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.
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