India's Kajaria Ceramics rises after upbeat Q3 results

Somany Ceramics

31/01/2024 09:28

** Shares of India's Kajaria Ceramics  KAJR.NS  2.9% after
healthy Q3 results
    ** Stock on track for fourth straight session of gains 
    ** Co's Q3 consol net profit jumped 40%; rev from ops rose
5.6%
    ** More than 556,000 shares changed hands by 2:56 p.m. IST,
2.3x 30-day avg
    ** Avg analysts' recommendation on stock is equivalent to
"buy," compared to "strong buy" on rival Somany Ceramics
 SOCE.NS  - LSEG data
    ** Stock fell 1.5% in Q3, vs Somany Ceramics' 3.5% rise

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