India's Ester Industries gains on posting Q2 profit

Ester Industries

07/11/2024 04:23

** Shares of Ester Industries  ESTR.NS  rise 6% to 167.9
rupees
    ** The commodity chemicals maker posted a consol net PAT of
30.2 million rupees ($358,287) vs a loss of 304.4 mln rupees a
year ago
    ** Rev from ops surged ~27% to 3.31 bln rupees, owing to
strong demand from its core polyester chips and films segment
    ** More than 1.2 mln shares change hands, 4.3x its 30-day
avg
    ** Stock up ~89% so far this year, eyes best yearly gain
since 2020



($1 = 84.2900 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))