India's Godrej Agrovet rises after upbeat Q2 results

Godrej Agrovet

06/11/2023 04:12

** Shares of India's Godrej Agrovet  GODE.NS  up as much as
4.37% at 493 rupees, in sharpest intraday pct climb since Oct. 6
 
    ** The agribusiness firm posted a near 47% jump in consol Q2
net profit to 717.6 mln rupees ($8.63 mln) while total rev rose
5% 
    ** Stock set to rise for the fourth consecutive session, if
gains hold 
    ** More than 103,961 shares changed hands by 9:30 a.m. IST,
0.6x 30-day
    ** Mean recommendation of 7 analysts tracking stock is
"hold", median TP is 482.5 rupees - LSEG data
    ** Stock last up 3.5%, taking YTD gains to about 3.2%  

($1 = 83.1675 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))