India's NCL Industries jumps on qtrly profit rise

Ncl Industries

10/05/2024 09:54

** Shares of NCL Industries  NCLI.NS  are up 6%
    ** The cement maker reported a Q4 profit that more than
doubled y/y, rev rose 14%         
    ** NCLI set for its best since Aug. 2023, if trend holds    
    ** Nearly 800,000 shares traded by 2:15 p.m. IST, about 3x
their 30-day avg
    ** NCLI down 6% YTD, while peers Shree Cement  SHCM.NS  and
Dalmia Bharat DALB.NS  are down 10.5% and 25%, respectively 

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))