NEW DELHI: Shares of Kajaria Ceramics took their positive momentum to third straight session, jumping by 3 per cent on Tuesday.
The stock has been on an upward trajectory after it reported a 24.06 per cent rise in consolidated net profit at Rs 65.89 crore for third quarter ended December 2018.Net profit stood at Rs 53.11 crore in October-December a year ago, Kajaria Ceramics said in a BSE filing.Total income from operations during quarter under review was up 15.10 per cent at Rs 763.09 crore as against Rs 662.93 crore earlier.Several brokerages have given a positive outlook on stock.Reliance Securities has a buy call on Kajaria Ceramics with a target price of Rs 610 while Elara Securities (India) has an accumulate call on stock with a target price of Rs 571.