India Cements, for Q2FY17, recorded a 11% (YoY) drop in interest outgo at Rs.87 crore and its tax outgo was down 19% at Rs.29 crore. This is essentially what helped the company end the quarter with a net profit at Rs.62 crore, a jump up of over 62%. Its total income showed a mere 10% rise at Rs.1314 crore.

When the market opened today morning, the stock was the top gainer on the BSE, hitting an intra day high at Rs.121 but after that it has slipped down and is now trailing in the red, down to Rs.116.