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Shares of India Glycols are buzzing at the Markets today. Know why

Shailendra BhatnagarAug 11, 2015, 10:21 IST

India Glycols Ltd., a mid-sized chemicals maker, was on top of the volume buzzers list with smart gains after the company reported a strong set of earnings.

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.

Image credit: Indiatimes