India's LG Balakrishnan hits record high on quarterly profit rise

About this update from L.g. Balakrishnan & Bros Ltd.

** Shares of LG Balakrishnan & Bros NSE:LGBBROSLTD rise as much as 16.4% to record high of 1,650 rupees before settling 14% higher ** Industrial machinery & equipment maker reports 21% year-on-year rise in consol net profit, rev up 19% ** Stock logs best day in more than five years ** More than 2 mln shares change hands, nearly 40 times their 30-day avg ** Including session's gains, stock up 13% YTD

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