Granules India Shares Surge 7% on Robust Q1 Profits

Shares of Granules India surged by over 7% following the company's announcement of a nearly three-fold increase in net profit to Rs 135 crore for the June quarter. The stock hit a 52-week high with substantial trading volumes on both NSE and BSE, reflecting positive market sentiment.

Shares of Granules India soared over 7% on Wednesday after the company revealed a net profit of Rs 135 crore for the June quarter, nearly three times higher than the previous year.

The stock closed at Rs 631.90 on the NSE and Rs 630.35 on the BSE, both witnessing substantial trading volumes and hitting 52-week highs during intra-day trade.

The 30-share BSE Sensex gained 285.94 points to close at 81,741.34, while the NSE Nifty rose by 93.85 points to an all-time high of 24,951.15. Granules India's revenue from operations also increased to Rs 1,180 crore from Rs 985 crore compared to the same period last year.

(With inputs from agencies.)