India's EIH climbs on surge in Q4 profit

EIH

23/05/2023 07:20

** Shares of EIH Ltd  EIHO.NS  rise as much as 4.2% to
209.70 rupees
    ** Co on Monday reported an over-5.5x jump in Q4
consolidated net profit, while rev from ops more than doubled
    ** Stock above 50-day, 100-day and 200-day exponential
moving averages since April 12, suggesting bullish trend
    ** Trade volume at 11:41 a.m. IST equals 30-day avg of ~1.43
mln shares
    ** One analyst rates stock 'buy' and one 'hold;' median PT
is 205 rupees - Refinitiv data
    ** Stock up 13.5% this year, as of last close

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))