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​Analysts attributed the rise in copper prices to the raising of bets by participants.

“In terms of net addition, we added 24 people last year to our headcount and we are expecting a huge increase in Q2. We have a campus batch joining and we have a good joining pipeline and so we will continue focussing on adding people to sustain our growth.”

"Spot gold prices for 24-carat gold in Delhi climbed by Rs 594 per 10 grams in line with rising global gold prices and haven demand," said Dilip Parmar, Research Analyst at HDFC Securities.

“Even when the prices were too high, there were no contraction in demand. Domestic demand is quite strong. We are selling anywhere between 39,000-40,000 tonnes a month. We are able to export as well anything between 25,000 and 30,000 tonnes a month of zinc. Lead demand also remains quite strong. ”

“The current business we are doing is of about 1,15,000-1,20,000 people every month and the idea is to increase the spend. Today the average spend is 18000-19000 to upscale that and take it to 22000-23000, get growth accordingly.”

A total of 31,275 shares changed hands on the counter till time (IST).

The company said that its total expenses saw an increase to Rs 2,485.8 crore from Rs 1,607.4 crore on a YoY basis. After the financial update, the scrip hit a day’s high of Rs 250.10. At 12:10 am, it traded at Rs 240 around 3 per cent above its previous close of Rs 234.2.

The stock quoted a 52-week high of Rs 604.0 and a 52-week low of Rs 322.1.

"However, it has strong resistance in the Rs 16-16.30 zone, which is a strong pattern resistance area. Further, the stock remains highly news driven with little technical triggers present on the chart. In the given scenario, investors/traders can use each up move as an opportunity to exit stock.

Rallies were led by "shipping firms which have announced upward revisions to their full-year earnings forecasts", Daiwa Securities said in a commentary. Kawasaki Kisen climbed 11.31 percent to 9,840 yen ($71.46), after it revised up its full-year pre-tax profit forecast.