India's JSW Cement climbs on higher quarterly core profit

RReuters

** Shares of JSW Cement NSE:JSWCEMENT gain as much as 2.8% to 158 rupees

** The cement firm posts its first quarterly report following its debut in August

** Co's consol operating EBITDA or core profit jumped 39% y/y to 3.23 billion rupees (~$37 million), helped by higher prices

** Total sales volumes up 10% y/y

** Stock trades 4.4% higher than IPO issue price of 147 rupees

($1 = 87.5060 Indian rupees)

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