PLASTICS products maker Sintex Industries Ltd posted a 47 per cent jump in net profit for the second quarter ended September 30. The company's net profit stood at Rs. 107 crore for the second quarter against Rs. 73 crore in the same quarter last year. A sharp increase in net profits buoyed investor sentiment for the company's shares, which jumped close to 20 per cent on the Bombay Stock Exchange (BSE) to close at Rs. 86.9 recently. Net sales for the quarter increased by 25 per cent to Rs. 1,673 crore against Rs. 1,341 crore in the corresponding quarter last year.
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