Sensex projected to rise 18 pc by end of 2025: Morgan Stanley
In its latest note, the US-headquartered investment bank sees 18 per cent base case upside for the BSE Sensex by the December end.
Shares of cement maker ACC rose by over 5 per cent Friday after the company reported 38.61 per cent rise in consolidated net profit for the quarter ended June 30, 2019.
The scrip gained 5.11 per cent to Rs 1,647.30 on the BSE.
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At the NSE, shares jumped 5.13 per cent to Rs 1,647.55.
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ACC Thursday reported 38.61 per cent rise in consolidated net profit at Rs 455.68 crore for the quarter ended June 30, 2019 helped by improvement in operating performance and sales.
The company, which follows January-December financial year, had posted a profit of Rs 328.74 crore in April-June quarter a year ago, ACC said in a BSE filing.
Total revenue from operation was also up 7.83 per cent to Rs 4,149.82 crore during the quarter under review as against Rs 3,848.25 crore in the year-ago period.
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