India's Prakash Pipes up on Q3 profit jump

Prakash Pipes

13/02/2024 08:02

** Shares of Prakash Pipes  PRAS.NS  rise 3.1% to 428.8
rupees
    ** Stock on track to snap three consecutive sessions of
fall, if trend holds
    ** The pipe maker reported a 72% jump in Q3 net profit to
231.4 mln rupees (~$3 mln) 
    ** PRAS trading above its 100-day and 200-day simple moving
averages since July
    ** Stock gained over 50% in Dec-qtr, marking three
consecutive quarterly gains



($1 = 83.0111 Indian rupees)

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