India's Bannari Amman Sugars hits over 6-month high as Q1 profit doubles

Bannari Amman Sugars

03/09/2020 05:48

** Shares of sugar manufacturer and power generator
 BANN.NS  rise as much as 19.71% to 1,559.70 rupees, their
highest since Feb 18
    ** Co on Wednesday said June quarter net profit surged
130.4%, helped by a strong performance at its sugar-making and
power segments  urn:newsml:reuters.com:*:nFWN2FY0OZ
    ** About 18,700 share change hands, 12.6 times the 30-day
average
    ** BANN shares up 10.81% so far this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))