India's Clean Science and Tech jumps most in 11 mths on Q3 results

Clean Science and Technology

02/02/2023 09:45

** Shares of organic chemicals manufacturer Clean Science
and Technology  CLEA.NS  rise as much as 9.2% to 1,502.85
rupees, mark sharpest intraday pct gain since March 2, 2022
    ** Co's stock hits highest level since Jan. 16, on track for
third consecutive session of gains
    ** Co reported a 44.5% YoY rise in Q3 net profit and 31% rev
growth; declared interim dividend of 2 rupees per shr
    ** Stock's moving average convergence divergence (MACD) line
is above the signal line, indicating bullish bias
    ** Trading volume of more than 140,000 shares by 2:45 p.m.
IST, 3.7x 30-day avg
    ** 4 of the 9 analysts covering the stock rate it "buy" or
"strong buy", 3 "hold" and 2 "sell" or "strong sell"; median PT
is 1,650 rupees - Refinitiv data
    ** Stock fell 40.2% last year
    ($1 = 82.0350 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))