India's Mangalore Chemicals rises 6% after Q4 profit jump

Mangalore Chemicals and Fertilisers

12/05/2023 05:14

** Shares of Mangalore Chemicals and Fertilisers  MNGL.NS 
rise as much as 6.5% to 105 rupees, their highest since April 12
    ** Co posts multifold jump in Q4 profit with an ~62% jump in
total income  
    ** MNGL trading above its moving average convergence
divergence line, indicating bullish sentiment
    ** More than 719,890 shares change hands by 09:30 a.m. IST,
1.9x 30-day avg of 369,871 shares
    ** Stock up over 12% YTD up to last close



($1 = 81.7800 Indian rupees)

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