India's Indo Count Industries jumps on Q3 profit rise, new US facility

Indo Count Industries

12/02/2025 06:49

** Shares of Indo Count Industries  ICNT.NS  rise 13.3% to
305.5 rupees 
    ** Manufacturer and exporter of bedding products says Q3
consol net profit rose 30% to 754.7 million rupees ($8.7
million) as rev growth outweighed rise in expenses
    ** Co to set up a greenfield manufacturing facility in North
Carolina, US with an investment of $15 million 
    ** Stock set for best pct gain in a session since July 1,
2024, to snap three sessions of losses
    ** More than 4 million shares traded, 16.7x its 30-day
moving avg
    ** Shares traded most in a session in over seven months
    ** ICNT rose 6.1% in 2024


($1 = 86.8030 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))