India, Feb. 6 -- BlackBuck's shares touched the upper circuit limit for the third consecutive session, this time the surge was driven by the company's strong Q3 FY25 results.

Its shares surged 5% to reach the upper limit of INR 463.40 on the BSE today (February 5) despite the company reporting a widened net loss of 145% to INR 48.03 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 19.57 Cr in the year-ago quarter.

This anomaly came from the fact that the company reported loss widening due to exceptional loss, incurring an IPO expense of INR 8.45 Cr and a share-based payment expense of INR 69.44 Cr in the reported quarter.

However, had it not been for these exceptional expenses, the company would have given a profit...