Shares of Coal India today rose by over 2%, a day after the company reported 7.8% rise in consolidated net profit for the first quarter ended June 30.
After opening on a bullish note, shares of the company gained 2.37% to Rs. 355.80 on the BSE as the trade progressed.
At the NSE, the stock climbed 2.4%to Rs. 356.
The scrip was the top performer among the BSE 30-scrip blue-chip index Sensex, which was trading flat at 1108 hrs.
State-owned Coal India yesterday reported 7.8% rise in consolidated net profit at Rs. 4,469 crore in the first quarter ended June 30, on the back of higher sales and e-auction realisation.
It had posted a net profit of Rs. 4,144 crore in the year-ago period.
Net sales of the company for the April-June, 2012-13, quarter increased 13.8% at Rs. 16,500 crore, as against Rs. 14,499 crore in the same period last fiscal.