India's Mangalam Cement rises after Q3 profit surge

Mangalam Cement

29/01/2024 09:13

** Shares of Mangalam Cement  MGLC.NS  rise as much as 8% to
719.95 rupees, last up 4%
    ** MGLC posted a 30-fold rise in Dec-qtr profit
    ** Trading volume ~1x the 30-day moving average
    ** MGLC, however, set to post a loss in Jan, snapping a
five-month winning run
    ** Stock rose ~150% in 2023, its best yearly gain since
listing in 1996
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))