Torrent Power inches closer to 52-week high on strong results
Private power player, Torrent Power Ltd, rallied on the bourses after posting an impressive financial performance for the quarter ended September 2019. The company shares gained over 5 per cent to hit an intra-day high of Rs 298.8 on Wednesday on the BSE, inching towards the 52-week high of Rs 313.80, last seen in July this year.
Torrent Power posted a standalone net profit of Rs 743 crore for the quarter ended September 30, 2019, up 85 per cent on the Rs 402 crore recorded in the corresponding quarter a year ago. Total income for the period stood at Rs 3,840 crore, up from Rs 3,449 crore in the same quarter last year.
