India's Shaily Engineering Plastics mounts on Q1 profit rise

Shaily Engineering Plastics

09/08/2023 05:29

** Shares of India's Shaily Engineering Plastics  SEPL.NS 
soars as much as 13.2% at 1523.95 rupees, in biggest intraday
climb since June 19 
    ** Co's consol net PAT jumped 33% to 126 mln rupees ($1.52
million), while rev slid 10% to 1.57 bln rupees 
    ** Co shares jump to trade above 50-day and 100-day simple
moving averages
    ** More than 14,358 shares changed hands by 9:44 a.m. IST,
2.6x 30-day avg 
    ** Including session's gains, stock has fallen about 7.8%
this year 


($1 = 82.8125 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))