Talwalkars surges 3% on strong Q2 profit

Talwalkars Better Value Fitness, one of India's largest chains of gyms, surged on Friday after it has posted strong Q2 profit.

The company posted a rise of 46.51% in net profit to Rs 121.73 million for the quarter ended Sept. 30, 2012 as compared to Rs 83.09 million in the same period last year.

Total income has increased by 37.24% to Rs 501.94 million for the quarter ended Sept. 30, 2012 from Rs 385.39 billion in the year ago period.Shares ofthe companyare trading at Rs 199.15, up Rs 7.95, or 4.16% at the Bombay Stock Exchange (BSE) on Friday at 9:30 a.m.The scrip has touched an intra-day high of Rs 201.20 and low of Rs 194. The total volume of shares traded at the BSE is 53,360.In the earlier session, the shares declined 1.72%, or Rs 3.35, at Rs 191.20. Currently, the stock is trading all time 52-week high, which is above 84.4% over the 52-week low of Rs 108.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 177.10 14.10 7.96 1 Month 151.10 40.10 26.54 3 Months 173.70 17.50 10.07 6 Months 158.05 33.15 20.97 1 Year 167.20 24.00 14.35 Note: Based on previous day closing price.