India's Chambal Fertilisers and Chemicals leaps after Q1 profit rises

Chambal Fertilisers and Chemicals

07/08/2024 05:27

** Shares of Chambal Fertilisers and Chemicals Ltd  CHMB.NS 
rise as much as 4% to 511.8 rupees
    ** Urea manufacturer reported a 32.4% rise in consol Q1
profit to 4.48 bln rupees
    ** Total expenses in qtr fell 15.4% y/y, while rev fell
11.7% y/y
    ** Stock on track to snap two days of losses
    ** More than 1.9 mln shares traded as of 9:56 a.m. IST, vs
their 30-day moving avg of over 4.8 mln shares
    ** CHMB last up 2.5%, adding to YTD gains of ~36% so far

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))