India's Praj Industries jumps on profit rise

Praj Industries

26/05/2023 09:48

** Shares of India-based biotechnology co Praj Industries
 PRAJ.NS  rise as much as 8.4% to 386.9 rupees 
    ** Stock touches highest level since Dec. 19; biggest
intraday pct gain since March 29
    ** Stock on track for second consecutive session of gains,
if trends hold
    ** Co reports 52.8% rise in consolidated net profit to 881.1
mln rupees ($9.8 mln) from 576.5 mln rupees a year earlier 
    ** Rev from ops up 20.8% Y/Y at 10.04 bln rupees
    ** About 4.9 mln shares change hands, 13.6x the 30-day avg -
Refinitiv Data
    
    
$1 = 82.6441 Indian rupees

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))