India's Fairchem Organics jumps 18% on strong March-quarter results

Fairchem Organics

08/06/2021 05:39

** Shares of specialty chemical maker  FAIH.NS  rise as much
as 18.3% to 1,104 rupees
    ** Co on Monday reported 68% jump in March-quarter profit
and 78% surge in revenue, helped by higher demand and increased
sales volume  urn:newsml:reuters.com:*:nFWN2NP0PB
    ** FAIH also recommended a dividend of 3.50 rupees/share
    ** Shares of FAIH were listed in Dec 2020
    ** FAIH makes a range of chemicals from the waste products
generated during refining of soft vegetable oils as well as
aroma chemicals
    ** About 182,650 shares change hands, 6.3x 30-day avg
    ** Shares up 48% so far this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))