Shares of Jindal Saw hit a record high of Rs 198.25, as they rallied 13.5 per cent on the BSE in Thursday's intra-day, amid heavy volumes. The company, on Wednesday, reported strong March quarter (Q4FY23) earnings with consolidated net profit more-than-doubling to Rs 294 crore on the back of healthy operational performance. The stock has surpassed its previous high of Rs 179.65, touched on March 10, 2023.
The company, engaged in iron & steel business, had posted profit of Rs 121.84 crore in the year-ago quarter and of Rs 143.23 crore in the previous quarter.