India's Venus Pipes rises most in nearly 6 months on Q2 profit jump

Venus Pipes & Tubes

27/10/2023 05:42

** Shares of Venus Pipes and Tubes up as much as 9.8% at
1,419 rupees, their biggest intra day pct gain since May 9 
    ** Indian steel pipe maker reports 95% YoY rise in Sept-qtr
profit; rev from ops up 51.4% YoY
    ** Rise in profit led by higher sales in stainless steel and
welded pipes segments - co
    ** Over 620,000 shares change hands as of 10:08 a.m. IST,
twice the 30-day moving average
    ** Stock last up 9.2%, extending YTD gains to 97.3% 
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))