India's Facor Alloys surges on Q2 profit jump

Facor Alloys

09/11/2022 09:54

** Shares of Ferroalloys and Ferrochrome manufacturer and
seller Facor Alloys  FALY.BO  jump as much as 20% to 8.41
rupees, their biggest pct gain since Nov. 24, 2020
    **Co more than triples Q2 net profit, rising 258.2% to 222.8
mln rupees ($2.74 mln)
    ** Revenue from operations rose 4.3% to 687.7 mln rupees
    ** The stock touches highest level since Sept. 23    
    ** More than 1.3 mln shares change hands vs 30-day moving
avg of 256,819 shares
    ** As of last close, FALY stock down 9.3% YTD 
($1 = 81.3680 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))