India's Linc hits over 5-yr high on Q3 profit jump

Linc

03/02/2023 07:25

** Shares of Linc Ltd  LINC.NS  rise as much as 7.4% to 504
rupees, highest since Jan. 10, 2018
    ** The Pens and Pencils makers on Friday said that it's
quarterly profit jumped nearly 4 times to 111.3 million rupees
($1.35 million)
    ** Dec-qtr rev from ops rose 30.7% to 1.25 billion rupees 
        ** Co on track for fourth session of consecutive gains
    ** Stock continues to cross 50-day, 100-day and 200-day
Simple Moving Average (SMA) of shares
    ** About 80,368 shares change hands by 12:37 p.m. IST vs 2x
the 30-day avg of 39,878 shares
    ** Stock up 14.4% this year as of last close
($1 = 82.2170 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))