India's Laxmi Organic Industries gains after upbeat Q2 results

Laxmi Organic Industries

30/10/2024 04:39

** Shares of India's Laxmi Organic Industries  LAXR.NS 
climb 9.7% to 277 rupees, extending gains to a third session 
    ** Specialty chemicals maker's consol Q2 profit after tax
more than doubled to 280 mln rupees ($3.33 mln), rev rose 18% 
    ** Co also approved 1.82 bln rupees capex for two plants,
one each in states of Gujarat and Maharashtra
    ** Trading vols 3.5 mln shares vs 30-day avg of ~1.3 mln
shares 
    ** Day's move trims YTD losses to 4.4% 

($1 = 84.0675 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))