India's Manali Petrochemicals up after strong quarterly profit

Manali Petrochemicals

06/08/2024 05:28

** Shares of Manali Petrochemicals  MNLI.NS  up 4.4% to 95
rupees, their biggest one-day pct gain since July 22
    ** The petrochemical co's Q1 consol profit jumped 217%; rev
down 20% while expenses also down 24%
    ** Stock trading above 50-, 100-, 200- day moving avgs
    ** Stock up 20% YTD, after two-straight years of losses

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))