India's Linc hits its 4-year high on profit jump

Linc

10/11/2022 05:48

** Shares of pen maker Linc Ltd  LINC.NS  rise as much as
20% to 362.70 rupees, their biggest intraday pct gain ever
    ** Co reported a 167% jump in Sept. qtr profit to 95.6
million rupees on Wednesday helped by strong sales growth in its
Pentonic and Linc brands of pens
    ** Pentonic and Linc pens saw a Y/Y growth of 38.2% and 46%,
respectively 
    ** Revenue from operations rose 35.2% to 1.27 billion rupees
    ** Stock hits highest since Sept. 19, 2018
    ** More than 153,000 shares change hands by 0542 GMT vs
30-day avg of 5829 shares
    ** Stock up 26.5% YTD up to last close
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))