Crompton shares zoom 16% to a new 52-week high. Here’s why?

Crompton's shares surged 16% in today's trading session, reaching a new 52-week high of Rs 394, following the announcement of its highest ever quarterly standalone revenue of Rs. 1,797 crore. The company also reported a significant 22% year-on-year increase in net profit, amounting to Rs 160.97 crore, with an EBIT margin of 9.8%.