India's Shankara Building Products up 8% on Q3 profit rise

Shankara Building Products

06/02/2023 09:57

** Shares of Indian building products seller Shankara Building Products
 SHAB.NS  rise as much as 8.37% to 693.3 rupees, marking sharpest intraday pct
gain since Dec. 28,2022
    ** SHAB.NS on Monday reported a 365.1% rise in its consolidated net profit
to 163.7 million rupees  ($1.98 million) for the qtr-ended Dec. 31  urn:newsml:reuters.com:*:nFWN34M1KJ
    ** Revenue from operations rose 84.7% to 10.80 billion rupees
    ** More than 95,000 shares change hands by 15:08 p.m. IST, 2.8x the 30-day
avg 
    ** Stock up 25.9% in 2022
($1 = 82.6925 Indian rupees)
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))