India's Garware Technical Fibres surges on upbeat Q2 results

Garware Technical Fibres

18/11/2024 07:27

** Shares of Garware Technical Fibres  GRWL.NS  jump as much
as 16% to a record high of 4,584.7 rupees
    ** GRWL eyes its best one day percentage gain in over nine
years
    ** The technical textile manufacturer said Q2 consol profit
rose 26% to 659.6 mln rupees ($7.8 mln); rev from ops up 28% Y/Y
    ** Co helped by strong performance from aquaculture and
geosynthetics businesses 
    ** More than 243,000 shares change hands, 12.1x its 30-day
avg, eyes most active day in a month
    ** Stock up 36% so far this year



($1 = 84.3850 Indian rupees)

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