India's Alkyl Amines sees best session in nearly 4 years after Q1 profit almost doubles

Alkyl Amines Chemicals

06/08/2019 08:32

** Shares of Alkyl Amines Chemicals Ltd  ALKY.NS  rise as
much as 19% to 829 rupees, posting their biggest intraday pct
gain since Oct 5, 2015  
    ** The speciality chemicals maker's June-qtr profit almost
doubled to 350.9 mln rupees ($4.96 mln) from 176.7 mln rupees
 urn:newsml:reuters.com:*:nFWN252090
    ** Total revenue rose by 50% to 2.66 bln rupees
    ** Around 159,00 shares change hands, 31.5 times the 30-day
average
    * Up to last close, stock had fallen 13% this year, while
peer S H Kelkar and Co Ltd  SHKE.NS  down 34%
    
($1 = 70.7200 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))