India's Prakash Pipes hits record high on Q1 profit climb

Prakash Pipes

14/08/2024 09:01

** Shares of Prakash Pipes  PRAS.NS  rise 13.7% to a record
555.45 rupees
    ** Stock set for best day since Oct. 16, 2023
    ** PVC pipe-maker's Q1 profit rose 37.5% YoY
    ** Rival Astral  ASTL.NS  also reported quarterly profit
climb
    ** PRAS up ~40% YTD vs ~2% drop in ASTL

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))