India's Tai Industries climbs most in 51-weeks on Q3 profit rise
08/02/2023 04:52
** Shares of Tai Industries TAII.BO up as much as 19.9% at
44.2 rupees, their highest since Jan. 2
** Co reports sharpest intraday gain since Feb. 15, 2022
** Co on track for second consecutive session of gains
** Owner of Druk brand of fruit products on Tuesday reported
a 14.1% YoY increase in its profit for the quarter ended on Dec.
31, at 21.9 million indian rupees ($265,011.25)
** TAII remains below its 50-, 100-, and 200-day moving
averages, indicating bearish pattern
** More than 17,060 shares change hands, as of 9:59 a.m.
IST, 5.7 x 30-day average
** Stock gained 57% last year, on track for second
consecutive year of gains
($1 = 82.6380 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com;))