India's Navneet Education hits 4-yr high on surge in June-qtr profit

Navneet Education

03/08/2022 08:30

** Shares of Indian consumer publishing company Navneet
Education Ltd  NAVN.NS  rise as much as 20% to 126.40 rupees,
its highest since September 2018
    ** Co on Tuesday posted a rise in June-qtr profit to 1.39
bln rupees ($12.68 mln) from 321.2 mln rupees a yr ago
 urn:newsml:reuters.com:*:nL8N2ZE313
    ** Rev from ops surged to 6.94 bln rupees ($87.98 mln) from
3.28 bln rupees a yr ago  
     ** More than 6.5 mln shares change hands by 0720 GMT, 17.5x
30-day avg of 373,308 shares
    ** Stock up 18.7% so far this year up to last close



($1 = 78.8800 Indian rupees)

 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))