India's Bajaj Healthcare hits 15-wk low on Q3 profit slide

Bajaj Healthcare

14/02/2023 07:00

** Shares of Bajaj Healthcare Ltd  BAJH.NS  fall as much as
6% to 356 rupees, lowest since Oct. 31, 2022
    ** The drug maker says quarterly profit slumped 37% to 110.5
million rupees ($1.34 million), hurt by low revenue growth
    ** Reports revenue from operations at 1.42 billion rupees,
down 15.3%
    ** Stock trading below 50-day (415.85 rupees) and 100-day
(392.41 rupees) simple moving average of shares 
    ** About 122,408 shares change hands by 11:58 a.m. IST vs
30-day avg of 37,841 shares
    ** Stock down 14.8% so far this year
($1 = 82.7200 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))