India's Somany Ceramics up on Q2 profit rise

Somany Ceramics

09/11/2023 05:48

** Shares of Somany Ceramics  SOCE.NS  up as much as 8.7% at 726
rupees, their biggest intraday pct gain since July 12
    ** Stock on track for second consecutive sessions of gains,
if trends hold
    ** Tiles and sanitary ware manufacturer reports a near
two-fold rise in profit of 293.1 mln rupees ($3.52 mln) vs 146.9
mln rupees a year earlier in the quarter ended Sept. 30
    ** Revenue from operations up 6% at 6.53 bln rupees 
    ** More than 125,000 shares traded by 11:12 a.m. IST, 3.3x
its 30-day avg
    ** Stock currently up 3.4%, pushing YTD gains to 45.5%

($1 = 83.2570 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))