Bengaluru, May 23 -- A stock trading below Rs.60 and primarily engaged in manufacturing sugar and allied products, witnessed a sharp 4 percent rise in Friday's session after the company reported a remarkable 332 percent quarter-on-quarter surge in net profit. The strong earnings performance has reignited investor interest, reflecting a potential turnaround in the company's financial trajectory.

During Friday's trading session, the shares of Dwarikesh Sugar Industries Ltd reached an intraday high of Rs.50.90 per share, rising 4 percent from its previous close of Rs.48.97 per share. The shares retreated since the peak and are trading at Rs.49.15 per share. Over the past five years, the stock has delivered over 160 percent returns.

Finan...