Plastiblends India jumps after Q2 profit more than doubles

Plastiblends India

12/10/2023 05:21

** Shares of Plastiblends India  PLST.NS  rise as much as
17.1% to 278 rupees, highest since Oct 2021
    ** Stock set to rise for a third straight session, if gains
hold
    ** Thermoplastic compounds manufacturer said on Wednesday
its Q2 net profit more than doubled to 95.3 mln rupees ($1.15
million), rev from ops jumped ~17% on year
    ** More than 700,000 shares change hands by 9:43 a.m. IST,
17.6x 30-day avg
    ** Stock traded most in over 2 years
    ** PLST up 16% as of 9:43 a.m. IST, extending YTD gains to
~54%

($1 = 83.1300 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))