Sharp jump in sales working in favour of ITD Cementation at the markets today

Shares of ITD Cementation India, a mid-sized construction firm, traded near fresh highs after the company announced it swung to a quarterly profit thanks to a sharp jump in sales.

ITD posted a first quarter Net Profit of 3.15 crore rupees compared with a loss of 2.4 crore rupees in the same quarter a year ago. Sales during April-June surged 76 percent to 732 crore rupees from 416 crore rupees in the year ago period.

ITD surged 13 percent, or 93.40 rupees, to 812 rupees on the National Stock Exchange, where 2.95 lakh shares were traded by 3.15 pm compared with the 5-day average of a meagre 4,793 shares.

ITD's market capitalisation has jumped 127 percent in the past one year to 1,122 crore rupees.

(Image credits: itdcem)