India's Responsive Industries up on posting Q2 profit

Responsive Industries

02/11/2023 04:59

** Shares of Responsive Industries  RSPO.NS  rise as much as
8.1% to 337 rupees
    ** The construction supplies company posts Q2 profit vs
yr-ago loss, helped by 9.4% increase in revenue
    ** RSPO has been trading above its 100- and 200-day simple
moving averages since mid-July
    ** It has also continuously traded above its 50-DMA since
mid-July, except for a brief blip last week
    ** Stock currently up 4.6% bumping YTD gains to ~171%
 
 ($1 = 83.2110 Indian rupees)

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