India's Prince Pipes gains most in over 2 years on logging Q2 profit

Prince Pipes and Fittings

08/11/2023 04:58

** Shares of Prince Pipes and Fittings  PRCE.NS  rise as
much as 12.9% to 706 rupees, marking steepest intraday gain
since May 14, 2021, 
    ** Co swings to profit in Q2 from a loss last year on rise
in demand for its bathware products and fall in expenses
    ** More than 3 mln shares change hands by 10:15 a.m. IST,
18.2x the 30-day avg
    ** Mean rating of 11 analysts covering stock is "buy;"
median PT is 800 rupees - LSEG data
    ** Stock up ~17% YTD 

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