India's Mangalore Chemicals jumps after posting Q2 profit

Mangalore Chemicals and Fertilisers

31/10/2023 04:01

** Shares of Mangalore Chemicals and Fertilisers  MNGL.NS 
rise as much as 9.6% to 114 rupees, biggest intraday gain since
May 2
    ** Co reported on Monday profit of 677.1 mln rupees ($8.13
million) vs loss of 321.9 mln rupees a year ago
    ** Rev from ops surged nearly five fold to 14.10 bln rupees
    ** If trend holds, MNGL on track for third consecutive
session of gains
    ** More than 947,473 shares change hands by 09:20 a.m. IST
vs 3.1x 30-day avg of 308,983 shares
    ** Stock up 28% YTD


($1 = 83.2460 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))