India's Punj Lloyd climbs after posting March-qtr profit

Punj Lloyd

31/05/2018 05:46

** Shares of Punj Lloyd Ltd  PUJL.NS  climb as much as 18.9
pct to 19.2 rupees, their highest since April 13 
    ** Company posted March-qtr profit of 9.44 bln rupees ($140
mln) vs loss of 1.82 bln rupees in the year-ago qtr  urn:newsml:reuters.com:*:nFWN1T10GZ
    ** Net sales grew 19.1 pct to 10.60 bln rupees
    ** Stock posts biggest intraday pct gain since Jan. 1
    ** Around 2.9 mln shares changed hands in the first hour of
trade, compared with the 30-day avg of 708,403 shares
    ** Up to Wednesday's close, stock had fallen 33.3 pct this
year

($1 = 67.4375 Indian rupees)

 ((arnab.paul@thomsonreuters.com@reuters.net))