India's Dodla Dairy hits record high after strong Q3 results

Dodla Dairy

29/01/2024 04:10

** Shares of Dodla Dairy  DODL.NS  rise as much as 7.5% to a
record high of 945.90 rupees 
    ** DODL's Dec-qtr consolidated net profit climbs 16.8% Y/Y
on a 10.6% increase in revenue from operations 
    ** Co says average milk procurement up 36.7%  
    ** Stock set to rise for third straight session, if gains
hold 
    ** More than 144,000 shares traded, 1.3x the 30-day average
volume 
    ** Analysts' avg rating on DODL, rival Heritage Foods
 HEFI.NS  is "strong buy," Hatsun Agro Product  HAPL.NS  has
'hold' rating - LSEG data
    ** DODL and HEFI up ~6% and 7.7%,respectively YTD, while
HAPL down 2.4% 
    
($1 = 83.1310 Indian rupees)

 (Reporting by Rama Venkat)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))