India's Avadh Sugar & Energy up 10% on qtrly profit jump

Avadh Sugar & Energy

08/05/2023 10:43

** Shares of Avadh Sugar & Energy Ltd  AVAD.NS  rise as much
as 10.13% after co reports an over-54% rise in March-quarter
profit
    ** Rev from ops rose over 11.5%
    ** AVAD also declared dividend of 10 rupees per share
    ** At day's high of 554 rupees, stock hits highest level
since Jan 3
    ** Trading volume 5.5x the 30-day avg of ~95,000 shares by
3:00 PM IST
    ** Including session's move, stock down ~2.8% YTD

 (Reporting by Nishit Navin in Bengaluru)
 ((Nishit.navin@thomsonreuters.com))