India's Entero Healthcare hits record high after upbeat Q1 results

Entero Healthcare Solutions

19/08/2024 08:32

** Shares of Entero Healthcare Solutions Ltd  ENTE.NS  rise
as much as 6.6% to record 1,320.90 rupees
    ** Healthcare products distributor crosses IPO issue price
of 1,258 rupees for the first time
    ** Stock last up 4.3%
    ** ENTE after market hours on Friday reported over 3x jump
in Q1 profit
    ** Jefferies maintains "buy", says it likes ENTE's guidance
of at least 35% rev growth in FY25
    ** Brokerage keeps 1,510 rupees PT unchanged, sees ENTE's
profit after tax rising ~7x by FY26
    ** Around 139,000 shares traded, 2.8x 30-day avg volume

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))