India's Avantel hits record high as Q2 profit soars
10/10/2023 07:49
** Shares of India's Avantel AVAN.BO jump as much as 20%
to a record 324.10 rupees
** Stock posts biggest intra-day pct gain since March 15,
2022
** Co posted near 3-fold jump in Sept-qtr profit after
revenue surged more than 49%
** AVAN also approved bonus share issue in 2:1 ratio
** More than 1.8 mln shares changed hands by 12:10 p.m. IST,
5.3x the 30-day avg
** Stock up over 310% YTD
(Reporting by Hritam Mukherjee in Bengaluru)
((Hritam.Mukherjee@thomsonreuters.com;))