Coal India shares jump over 2% after announcing quarterly results

CIL yesterday reported nearly 90 per cent jump in standalone net profit at Rs 2,320.61 crore.

Written by PTI | Mumbai | Published: May 21, 2013 1:12 pm

Shares of Coal India Ltd (CIL) today gained over 2 per cent after the company reported nearly 90 per cent jump in standalone net profit for the fourth quarter ended March 31.

After making a bullish opening,shares of the company rose further by 2.57 per cent to Rs 308.50 on BSE.

At NSE,the scrip went up by 2.43 per cent to Rs 308.65.

The stock was the top gainer among both Sensex and Nifty stocks during morning trade.

CIL yesterday reported nearly 90 per cent jump in standalone net profit at Rs 2,320.61 crore for the fourth quarter ended March 31.

The world’s largest coal producer had reported standalone net profit of Rs 1,223.52 crore during the January-March quarter of 2011-12.

In the stock market,the BSE benchmark Sensex was trading at 20,164.36,down 50.50 points in afternoon trade.

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