India's Clean Science and Technology up after quarterly results

Clean Science and Technology

20/10/2022 09:19

** Shares of organic chemicals manufacturer Clean Science
and Technology Ltd  CLEA.NS  jump as much as 4.39% to 1,670
rupees, their biggest intraday pct gain since Sept. 7 
    ** Stock touches its highest level since Oct. 11
    ** CLEA on Thursday reported its Sept-qtr results, it posted
a 26.9% jump in its net profit to 679.5 mln rupees ($8.19
million) from 535.2 million rupees a year ago 
    ** Consolidated rev from ops jumped by 61.6% to 2.48 bln
rupees 
    ** More than 159,946 shares change hands by 0811 GMT, vs
30-day moving avg of 121,425 shares 
    ** Three out of 7 brokerages rate the stock "buy" or higher,
3 rate it "hold" and 1 rates it as "sell"; their median PT is
1,800 rupees 
    ** As of last close, CLEA stock down 31.84% YTD 
($1 = 82.9425 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))