India's Gulshan Polyols gains on Q1 profit surge

Gulshan Polyols

14/08/2024 07:34

** Shares of Gulshan Polyols  GULS.NS  jump as much as 8.8%
to 198.1 rupees; stock last up about 3%
    ** Company's consolidated net profit surges over two-fold
y/y to 96.9 mln rupees, revenue up 54.9%
    ** The manufacturer of ethanol and other specialty chemicals
says it will raise up to 2.5 bln rupees via qualified
institutional placements
    ** Volumes 2.3x 30-day avg at 465,701 shares, highest so far
 this month
    ** Stock down ~11% YTD






 (Reporting by Vijay Malkar in Bengaluru)
 ((VijayDattaram.Malkar@thomsonreuters.com;))