India's EPL jumps on Q2 profit growth

EPL

12/11/2024 05:45

** Plastic packaging co EPL  EPLI.NS  rises as much as 7% to
270.45 rupees
    ** EPL reports 72.3% y/y rise in Q2 consol net profit to 870
mln rupees ($10.3 mln); rev up 8.5%
    ** Motilal Oswal says healthy demand across regions drove
rev
    ** Expects CAGR of 9% in rev and 29% in adjusted PAT over
FY24-27; retains "buy"
    ** More than 1.8 mln shares traded vs 30-day avg of ~1.7 mln
    ** Stock rated "strong buy" on avg; median PT is 290 rupees
- LSEG
    ** EPLI last up 5.2%, extending YTD gains to 31.7%

($1 = 84.3880 Indian rupees)

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