India's Kajaria Ceramics jumps to 5-mth high as Q4 profit rises

Kajaria Ceramics

16/05/2023 10:12

** Shares of Kajaria Ceramics Ltd  KAJR.NS  rise as much as
1.9% to 1,200 rupees, their highest since Dec. 5
    ** KAJR's profit for the three months to March 31 rises
~13%, helped by strong demand
    ** Co declares dividend of 3 rupees per share
    ** More than 278,000 shares change hands by 2:33 p.m. IST,
1.3x their 30-day avg volume
    ** Twenty-six analysts on stock rate it "buy" on average;
median PT is 1,231 rupees - Refinitiv data
    ** Stock currently up 0.9%, taking YTD gains to 2.3%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))