India's Zuari Agri Chemicals up 17% after profit more than doubles

Zuari Agro Chemicals

02/02/2023 07:50

** Shares of agro chemicals maker Zuari Agro Chemicals
 ZUAR.NS  rise as much as 17.33% to 164.5 rupees, highest in
nearly a month
    ** The fertiliser maker on Wednesday posted a 133% jump in
Q3 profit to 692.1 million rupees ($8.45 million)
    ** Revenue from ops climbed to 14.16 billion rupees from
9.50 billion rupees
    ** ZUAR, which has been trading below 50-day and 200-day
moving avgs since Jan 13, breached both in today's trade
    ** More than 1.08 mln shares change hands as of 12:47 p.m.
IST, 8.5x the 30-day avg of 127,342 shares
    ** Stock lost 11.5% in January 2023, but climbed 36.8% in
2022, third straight year of annual gains
($1 = 81.8975 Indian rupees)
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com; +91 8075473630;))