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DDEVPLSTIK — Ddev Plastiks Industries News Story

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India's Ddev Plastiks Industries gains on higher quarterly profit

BUZZ-India's Ddev Plastiks Industries gains on higher quarterly profit

** Shares of India's Ddev Plastiks Industries DEIL.NS rise as much as 7.9% to 308.50 rupees; stock last up 2.3%

** Polymer compound manufacturer reports June-quarter profit increases 22.3% Y/Y to 637.9 million Indian rupees ($6.69 million)

** Revenue from operations rises 28.6% Y/Y in the quarter

** More than 635,475 shares change hands, about 3.8x the 30-day average volume -- LSEG compiled data

** Stock down 2.9% YTD


($1 = 95.4025 Indian rupees)


(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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