India's Bayer Cropscience up as June-qtr profit rises

Bayer Cropscience

08/08/2023 07:12

** Shares of Bayer Cropscience  BAYE.NS  rise as much as 6.3% to
4,881.4 rupees, biggest intraday pct gain since Aug. 5, 2022
    ** Stock touches highest level since Jan. 3; on track for a
third consecutive session of gains
    ** Agro-chemical manufacturer reports near-9% rise in
June-quarter profit to 3.29 bln rupees ($39.74 mln)
    ** Revenue from operations rises 4.3% to 17.4 bln rupees
    ** Trading volume at 63,979 shares as of 11:38 a.m. IST, 3.6
times the 30-day avg - Refinitiv data
    ** Of the seven analysts tracking BAYE, two maintain "buy"
and higher, four suggest "hold" and one recommends "sell";
median PT is 4,875 rupees - Refinitiv

($1 = 82.7950 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))