India's Metro Brands jumps 20% on strong Dec-qtr profit

Metro Brands

17/01/2022 05:36

** Shares of footwear retailer Metro Brands  METB.NS  rise
as much as 20% to 609.50 rupees, locked in upper circuit
    ** Co on Saturday reported https://bit.ly/3KjYu7a about 57%
jump in Dec-qtr net profit on higher sales and margins 
    ** About 3.1 mln shares change hands vs the 30-day avg of
1.6 mln
    ** Backed by ace investor Rakesh Jhunjhunwala, METB made its
debut in December after its IPO was oversubscribed 3.64 times 
    ** Co's shares have gained 39% since listing in December

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))