India's NACL Industries jumps on Q1 profit rise, stake sale announcement
BUZZ-India's NACL Industries jumps on Q1 profit rise, stake sale announcement ** Shares of India's NACL Industries NACL.NS rise as much as 11.43% to 235.71 rupees; last up 3.3%
** Agrochemical co posts 60% rise in Q1 net profit after tax; rev from ops fell 14.5%
** Says it will sell stake in associate company, Nasense Labs, for 81.5 mln rupees ($844,318.98)
** More than 4 mln shares traded, 1.5x the 30-day avg
** Stock up 33.4% YTD
($1 = 96.5275 Indian rupees)
(Reporting by Abhirami G in Bengaluru)
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