India Glycols said its first quarter net profit surged nearly 5-fold to 7.7 crore rupees from 1.31 crore rupees a year ago. Sales during April-June slipped 3 percent to 708 crore rupees compared with 730.7 crore rupees.
India Glycols rose 13.50 rupees, or 12.5 percent, to 114.50 rupees on the National Stock Exchange, where 5.58 lakh shares were traded by10 AM compared with a 5-day average of 55,300 shares.
India Glycols enjoys a market capitalisation of 348 crore rupees.
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