India's Zuari Agro Chemicals hits over 2-month high on quarterly profit

Zuari Agro Chemicals

04/08/2022 07:48

** Shares of fertiliser maker Zuari Agro Chemicals Ltd
 ZUAR.NS  surge as much as 12.8% to 174 rupees, their highest
since May 17
    ** If gains hold, ZUAR is set to snap two-straight sessions
of losses 
    ** Co posts biggest intraday pct gain since June 1 
    ** ZUAR late on Wednesday posted consolidated net profit of
9.02 bln rupees ($113.42 mln) for the June quarter vs loss of
8.1 mln rupees year ago (https://bit.ly/3Sq11Rf)
    ** Revenue from ops jumped nearly 60% y/y to 12.96 bln
rupees 
    ** More than 761,000 shares change hands by 0638 GMT, 4.3
times 30-day avg of 178,000 shares
    ** Stock up 28.7% YTD up to last close

($1 = 79.5250 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))