Tamilnadu Newsprint Rises to Two-Year High After Quarterly Profit Advances

Tamil Nadu Newsprint & Papers Ltd. climbed to a two-year high in Mumbai trading after saying fourth-quarter profit rose to 582 million rupees from 212 million rupees a year earlier.

The shares climbed as much as 7.1 percent to 103.9 rupees, its highest level since Feb. 7, 2008, data on the Bloomberg showed. The stock was the biggest gainer in the 500-member Bombay Stock Exchange BSE500 Index.

To contact the reporter on this story: Hemal Savai in Mumbai at hsavai@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.