India's Ami Organics hits 8-month high on rise in Q4 earnings

Acutaas Chemicals

15/05/2023 07:16

** Shares of Ami Organics Ltd  AMIO.NS  rise as much as
4.79% after co reports rise 27.6% rise in Q4 net profit
    ** Revenue from operations up 29%, core profit rises 58%
    ** Stock hits eight-month high at 1,115.00 rupees
    ** Trading volume is ~306,500 shares as of 11:34 a.m. IST,
highest since Nov. 29, 2022 -  Refinitiv data
    ** Five analysts rate stock 'buy' or higher; median PT is
1,335 rupees
    ** Including session's gains, stock up ~15% YTD

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