India's Himadri Speciality jumps 5% on reporting Q4 profit

Himadri Speciality Chemical

02/05/2023 10:13

** Shares of Himadri Speciality Chemical Ltd  HIMD.NS  rise
as much as 5.17% to 108.90 rupees, highest in nearly four years
    ** Rise after the carbon materials and chemicals maker posts
net profit in March quarter compared to year-ago net loss 
    ** Revenue rises 23% YoY to 10.29 bln rupees 
    ** Co declares a dividend of 0.25 rupees per equity share,
aggregating to 108.2 mln rupees for FY2023
    ** The relative strength index of HIMD is 77, suggesting it
may be overbought
    ** Stock is most active in more than five months since
November 17, with a trading volume of 6.82 mln shares as of 2:30
p.m. IST, nearly quadruple the 30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))