India's Vadilal Industries jumps 14% on Q1 profit rise

Vadilal Industries

10/08/2023 05:00

** Shares of Vadilal Industries  VDLI.NS  rise as much as
14.4% to 3,080 rupees, highest since July 13
    ** Co on Wednesday reported a 43.6% jump in consolidated net
profit to 710.1 mln rupees ($8.57 million)
    ** Rev from ops rose more than 5% Y/Y
    ** More than 44,744 shares change hands by 09:23 a.m. IST vs
1.2x 30-day avg of 37,385 shares
    ** If trends stand, co on track for second consecutive
session of gains
    ** Stock trading above its 100-day and 200-day simple moving
averages, indicating bullish sentiment
    ** Stock up 2.4% YTD up to last close



($1 = 82.8120 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))