India's MPS surges on qtrly profit rise

MPS

27/01/2023 04:59

** Shares of publishing solutions provider MPS Ltd  MPSL.NS 
up as much as 8.4% to 1010 rupees, their highest since Dec. 14
    ** Stock on track for third consecutive session of gains
    ** MPSL on Wednesday reported 34.5% YOY rise in Dec-qtr
profit and ~18% increase in revenue
    ** MPSL tops its 50-day moving average for first time in six
sessions, while it has stayed above its 100- and 200-DMAs for
past three months, indicating bullish sentiment
    ** More than 47,418 shares change hands, as of 9:43 a.m.
IST, 1.6 x 30-day average of 30,084 shares
    ** Stock gained 31.5% last year
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))