India's JG Chemicals surges on four-fold Q1 profit jump

JG Chemicals

09/08/2024 05:21

** Shares of JG Chemicals  JGCH.NS  rise 13% to record high
of 336 rupees
    ** JGCH sees sharpest rise since July 30; on track to
third-straight day of gains, if trend holds
    ** Zinc oxide manufacturer's Q1 consol net profit rose 300%
to 152 million rupees; rev up 17.5%
    ** Over 567,000 shares change hands in early trade; 1.5x the
30-day avg
    ** Stock which debuted in March, is up 60% from its listing
price

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))