India's Fineotex Chemical jumps as quarterly profit rises

Fineotex Chemical

30/01/2023 04:40

** Shares of textile chemical manufacturer Fineotex Chemical
 FINE.NS  gain as much as 3.68% to 234.95 rupees  
    ** Co said late on Friday its Q3 net profit rose to 221.5
mln rupees ($2.71 million), compared with 184.6 mln rupees a
year ago
    ** Revenue from operations climbed ~4% to 1.09 bln rupees
    ** Stock is set to rise for the first time after four
straight losing sessions, if the gains hold
    ** More than 180,674 shares traded as of 09:46 a.m. IST vs
their 30-day moving avg 548,824 
    ** Stock rose ~82% in 2022, marking a third consecutive
annual gain
($1 = 81.6780 Indian rupees)
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))