India's Chemfab Alkalis hits over 1-month high on Q3 profit jump

Chemfab Alkalis

08/02/2023 04:15

** Shares of chemicals manufacturer Chemfab Alkalis Ltd
 CHMF.NS  up as much as 9.6% at 302 rupees, their highest since
Dec. 21
    ** Co on Tuesday reports Q3 consolidated net profit up 24%
Y/Y at 149.4 mln rupees ($1.81 million)
    ** Consolidated revenue from operations rose 8% to 839.4 mln
rupees
    ** Stock on track to rise for a third consecutive session,
if gains hold
    ** Over 27,000 shares change hands by 09:31 a.m. IST, 3.2x
the 30-day moving avg
    ** Stock up ~3% so far this year, rose 82.6% in 2022
($1 = 82.6700 Indian rupees)
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))