India's Garware Hi-Tech Films climbs on Q1 profit rise

Garware Hi-Tech Films

08/08/2024 09:14

** Shares of Garware Hi-Tech Films  GARW.NS  rise 15.1% to
2,778 rupees
    ** Chemicals-maker's Q1 profit surged 2X Y/Y
    ** Stock set for best day since Feb. 8 when it surged on Q3
profit jump
    ** Rival Deepak Nitrite  DPNT.NS  posted profit climb as
well, after which its stock rose
    ** GARW up ~98% YTD, DPNT up ~25%

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))