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533080 — Mold-Tek Packaging News Story

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India's Mold-Tek Packaging hits ten-month high on Q1 profit rise

** Shares of Mold-Tek Packaging MOLT.NS rise as much as 8% to 804 rupees, highest since September 17, 2024

** Packaging co posts a 35.5% Y/Y rise in June-qtr profit; rev from ops rises 22.3% Y/Y

** More than 363,828 shares change hands, 6.7x of 30-day avg

** MOLT rated "strong buy" by 9 analysts on average; median target price is 767 rupees – data compiled by LSEG

** Stock down 18% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))

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