India's Bhageria Industries gains on Q1 profit rise

Bhageria Industries

08/08/2024 08:03

** Shares of specialty chemicals maker Bhageria Industries
 BHAE.NS  rise 4.3% to 172.5 rupees    
    ** Co's Q1 consol net profit rose nearly four-fold to 59.5
mln rupees ($708,941), rev from ops up 15% to 1.13 bln rupees
    ** Revenue in chemicals segment rose 6% to 940.9 mln rupees
and "others" segment soared twenty-fold to 111.4 mln rupees,
countering weakness in solar power
    ** More than 71,000 shares change hands, 1.1x its 30-day avg
    ** Stock up 6% so far this year

($1 = 83.9280 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))