India's Fiberweb gains on Q2 profit surge

Fiberweb (India)

06/11/2024 08:23

** Shares of Fiberweb (India)  FIBE.NS  rise as much as 10%
to 51.4 rupees, highest since Aug. 26
    ** Containers and packaging products maker posts a near
three-fold surge in Q2 profit to 35.4 mln rupees ($420,338);
total income from ops up 21% Y/Y
    ** Stock eyes an eighth straight session of gain
    ** More than 619,000 shares change hands, 12.2x 30-day avg
    ** Stock up 53% so far this year

($1 = 84.2180 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))