India's Siyaram Silk Mills soars in heavy volumes after Q2 profit jump

Siyaram Silk Mills

04/11/2022 04:56

** Shares of Siyaram Silk Mills Ltd  SIYR.NS  rise as much
as 19.8% to 568 rupees, their biggest intraday pct gain since
July 21, 2021
    ** The maker of fabrics and readymade garments on Thursday
said that its Sept-qtr profit rose more than 50% to 801.3
million rupees ($9.70 million), on revenue growth of 32.3%
    ** Domestic market demand remains buoyant with increasing
traction from export market as well - SIYR
    ** SIYR also declared interim dividend of 4 rupees per share
    ** Shares hit highest since July 25
    ** About 1.2 million shares change hands by 0447 GMT vs
30-day avg of 86,181 shares
    ** Stock up 9.4% so far this year, as of last close
($1 = 82.6150 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))