India's Mangalam Cement jumps after qtrly profit rise

Mangalam Cement

02/05/2024 09:08

** Shares of Mangalam Cement  MGLC.NS  rose as much as 9.03%
to hit record 917 rupees, last up 9% 
    ** Co's Q4 net profit rose 10.7% as a drop in costs helped
offset declining revenue 
    ** Stock on track to break three session losing run, if
trend holds 
    ** Trading vols 2.8x 30-day avg 
    ** Stock up ~23% YTD 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))