India's Ami Organics gains on June quarter earnings growth

Acutaas Chemicals

11/08/2023 09:39

** Shares of Ami Organics  AMIO.NS  rise as much as 3.26% to
1,249.50 rupees
    ** Specialty chemicals maker posts 12% Y/Y uptick in
consolidated profit after tax in June quarter to 166.5 mln
rupees
    ** Revenue up 8.4% at 1.42 bln rupees; EBITDA, as calculated
by Reuters, up 9.7% Y/Y
    ** Trading volume at 160,205 shares as of 2:00 p.m. IST,
nearly twice the 30-day avg - Refinitiv data
    ** Of the six analysts tracking AMIO, two maintain "strong
buy" and four suggest "buy"; median TP is 1,365 rupees
    ** AMIO up 28.5% in 2023 so far, including Friday's rise,
compared to 7.6% rise in Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))