off-the-wire

BUZZ-India's Fineotex Chemical jumps as quarterly profit rises

Kitco Media
By Reuters
Published:
Updated:
Reuters

** Shares of textile chemical manufacturer Fineotex Chemical gain as much as 3.68% to 234.95 rupees


** Co said late on Friday its Q3 net profit rose to 221.5 mln rupees ($2.71 million), compared with 184.6 mln rupees a year ago
** Revenue from operations climbed ~4% to 1.09 bln rupees
** Stock is set to rise for the first time after four straight losing sessions, if the gains hold
** More than 180,674 shares traded as of 09:46 a.m. IST vs their 30-day moving avg 548,824


** Stock rose ~82% in 2022, marking a third consecutive annual gain ($1 = 81.6780 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru)

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