JK Lakshmi Cement spurts over 6% post Q4 results

Shares of JK Lakshmi Cement surged over 6 per cent in the early trade on Bombay Stock Exchange ( BSE) after it reported a net profit of Rs 31.96 crore in the year-ago period.

Consolidated net profit of the company in 2011-12 rose to Rs 108.78 crore against Rs 59.13 crore a year earlier. Total income also went up to Rs 1,718 crore compared to Rs 1,322 crore.

The shares of the company touched a weekly high of Rs 64.30 and were currently trading at Rs 64.05, up 5.96per cent.

In a similar fashion, shares of the company were quoting at Rs 64.15 a piece, up 6.38 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 16,201.87, up 171.78 points at 10:35 hours