India's Venus Pipes and Tubes hits record high after upbeat Q3 results

Venus Pipes & Tubes

30/01/2024 07:44

** Shares of India's Venus Pipes and Tubes  VENS.NS  up as
much as 8.94% to hit record high of 1,582 rupees 
    ** Co also records sharpest intraday pct gain since Oct. 27,
2023 
    ** VENS' Q3 profit more than doubled, while rev jumped ~52% 
    ** Stock last up 4.2%, set to gain for the third straight
session 
    ** More than 783,000 shares change hands by 1:05 p.m. IST,
nearly 7x the 30-day avg 
    ** Mean recommendation of 5 analysts rating the stock is
"strong buy", median TP 1,759 rupees - LSEG data
    ** Stock had risen ~8% so far this year, after a ~96% surge
in CY2023

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