India's Rashtriya Chemicals & Fertilizers rises on profit, revenue surge

Rashtriya Chemicals and Fertilizers

11/02/2022 04:51

** Shares of state-owned fertiliser and chemical maker
 RSTC.NS  rise as much as 4.8% to 81.5 rupees, highest since
Feb. 1
    ** RSTC on Thursday reported a 44% climb in third-quarter
profit to 1.42 bln rupees ($18.84 mln) on an 80% surge in
revenue  urn:newsml:reuters.com:*:nFWN2UL0DO
    ** Stock marks sharpest intraday pct jump since Jan. 18
    ** More than 3.1 mln shares change hands by 0445 GMT, vs the
30-day avg of 3.8 mln shares
    ** Stock up 2% YTD, as of last close

($1 = 75.3600 Indian rupees)

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))