Shares of India’s leading Multi Service Operator GTPL Hathway Ltd rallied 20% on Monday to touch its share price at an intraday high at Rs.92.50 per share on the NSE after the Company’s consolidated profit for June month rose 121% on a year on year basis.
The stock has gained over 72% in the last three consecutive trading sessions after the company reported attractive financial outcome for the first quarter of 2019-20.
Last week, the GTPL Hathway Ltd reported a 121-pc rise Q1 in consolidated profit to Rs29.4-Cr, while its consolidated revenue advanced by 50-pc to Rs454.30-Cr, on year-on-year basis.
After having touched at the intraday high at Rs92.50, the stock is currently (at 3.05pm) trading at Rs.88.95 per share with gains of 15.37% or Rs.11.85 on the NSE. Meantime, the benchmark bench index Nifty scaled at 11,579.85 up by 27 points, while the Sensex stood at 38904-level, up by 168-points.