Granules India stock climbs 7%

New Delhi: Granules India shares climbed nearly 7 per cent on Wednesday a day after the company posted a nearly three-fold rise in net profit to Rs 135 crore in the June quarter.

The stock of the company rallied 6.73 per cent to trade at Rs 627.35 apiece on the BSE. On the NSE, shares of Granules India bounced 6.39 per cent to trade at Rs 626.60 per piece.

Later, in the intra-day trade, shares of Granules India hit its 52-week high of Rs 631.15 and 631.30 apiece on the BSE and NSE. The 30-share BSE Sensex benchmark jumped 207.46 points or 0.25 per cent to 81,662.86 while NSE Nifty rose 72.80 points to 24,930.10 on Wednesday.