India's Garware Technical Fibres up on quarterly profit rise

Garware Technical Fibres

23/05/2023 07:47

** Shares of technical textile manufacturer Garware
Technical Fibres Ltd  GRWL.NS  up as much as 5.6% at 3,14.7
rupees 
    ** Stock touches highest level since Feb. 9, logs biggest
intraday pct gain since March 29 
    ** Co on Monday said its consolidated profit for March qtr
rose 10.7% YoY to 596.7 million rupees ($7.30 million)
    ** Revenue from ops rose ~4% YoY
    ** As of last close, stock down 4.2% so far this year

($1 = 81.7800 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))