India's Polyplex Corp gains on posting quarterly profit

Polyplex

16/08/2024 06:33

** Shares of Polyplex Corp  PLYP.NS  rise 9.3% to 1,293.6
rupees
    ** Packaging film products maker reports a consolidated net
profit of 535.2 mln rupees ($6 mln) for its first quarter vs a
loss of 31.2 mln rupees a year earlier; rev from ops up 8% Y/Y
    ** More than 1.6 mln shares change hands, 5.1x its 30-day
avg
    ** Stock up 23% so far this year 
    
($1 = 83.9450 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))