India's Garware Hi-Tech Films hits record high after Q3 profit jump

Garware Hi-Tech Films

08/02/2024 10:22

** Shares of Garware Hi-Tech Films  GARW.NS  close 20%
higher at 1,906.50 rupees, a record high
    ** Tensile polyester films maker reports ~84% Y/Y rise in
consolidated net profit, while rev from ops up ~40%
    ** According to GARW, Q3 growth was driven by consumer
product division segment which saw 80% YoY revenue growth
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since Jan. 5
    ** Trading vol 11.6x the 30-day daily avg
    ** Stock rose 113.1% in 2023





 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))