India's Somany Ceramics hits near 3-year high on March quarter profit

Somany Ceramics

17/06/2021 05:23

** Tiles and sanitary ware maker's shares  SOCE.NS  rise as
much as 12.4% to 550 rupees, highest since August 2018
    ** Company on Wednesday reported March-quarter profit of
309.7 mln rupees vs loss of 93.2 mln rupees a year earlier
 urn:newsml:reuters.com:*:nFWN2NX17Y
    ** Company declared interim dividend of 2.40 rupees/shr
    ** About 689,813 shares change hands, 6.4x 30-day avg of
108,694
    ** 12 out of 15 analysts rate stock "buy" or "strong buy"; 2
"sell" or "strong sell"; 1 "hold"; Median PT 490 rupees -
Refinitiv data
    ** SOCE shares up 48.3% so far this year as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
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