India's Navneet Education hits over 6-1/2-yr high after profit jumps three-fold

Navneet Education

12/08/2024 09:06

** Shares of Navneet Education  NAVN.NS  rise as much as 8.9% to 178 rupees,
highest level since Nov. 3, 2017
    ** Stationery products maker reports a more than three-fold rise in profit
in the June-quarter
    ** Consolidated profit before exceptional items and tax rises to 2.06
billion rupees ($24.5 million) year-on-year
    ** Stock sees heaviest trading session since Aug. 4, 2022, with volumes more
than 7.5x the 30-day avg
    ** Stock last up 5.4%, pushing YTD gains to 14%


($1 = 83.9340 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))