McLeod Russel India shares up on Sept-qtr profit rise

McLeod Russel India

15/11/2022 07:10

** Shares of Indian tea producer McLeod Russel India Ltd  MCLE.NS  rise as
much as 4.3% to 29.45 rupees, highest since Nov. 7
    ** MCLE on Monday reported a 6.6% rise in consolidated net profit to 1.31
billion Indian rupees ($16.11 million) 
    ** Revenue from operations fell 13.9% to 4.25 billion rupees, while employee
benefits expenses rose 11.5% year-over-year
    ** More than 680,000 shares change hands vs 30-day avg of 770,371 shares
    ** Stock up 6.2% so far this year, as of last close 
($1 = 81.3150 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))