India's Madhya Bharat Agro jumps after Q1 profit jump

Madhya Bharat Agro Products

29/07/2024 08:37

** Shares of Madhya Bharat Agro Products Ltd  MADY.NS  rise
as much as 15.5% to 258.90 rupees 
    ** The fertilizer and chemical manufacturer posted a 58.7%
rise in Q1 consol profit from cont ops to 114.9 mln rupees ($1.4
mln)
    ** Q1 rev from ops rose 34.4% to 2 bln rupees 
    ** Stock on track to gain for a second straight day, if
current trend holds
    ** More than 155,000 shares traded, 6.5x its 30-day moving
avg; busiest day yet since Dec. 18, 2023
    ** MADY last up 10.2%, fell 16.3% YTD so far

   ($1 = 83.7275 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))