India's Maan Aluminium rises 10% after Q4 profit jumps

Maan Aluminium

30/05/2023 10:57

** Shares of Maan Aluminium Ltd  MANA.NS  rise as much as
10.1% to 215.90 rupees, their biggest intraday pct gain since
Feb. 3
    ** The aluminium products maker reports ~77% jump in
March-quarter net profit, while revenue from operations more
than doubled 
    ** Stock on track to log gains for third consecutive session
    ** Relative Strength Index (RSI) is over the upper limit of
70, indicating that the stock is overbought
    ** About 138,164 shares change hands by 3:19 p.m. IST, 4.1x
the 30-day avg - Refinitiv data
    ** Stock last up 6.6%, extending YTD gains to 24.2% 

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))