HeidelbergCement India jumps on quarterly profit surge

Heidelbergcement India

06/11/2023 07:52

** Shares of HeidelbergCement India  HEID.NS  up as much as
2.58% at 192.7 rupees
    ** The building materials co said its net profit for the
Sept qtr rose more than five-folds to 358 million rupees ($4.30
million)
    ** Rev from ops rose nearly 12% to 5.66 billion rupees
    ** Analysts' average rating is equivalent of "buy", their
median PT is 178.5 rupees - LSEG data
    ** About 1.4 mln shares change hands as of 1:14 p.m. IST,
2.9 times the 30-day average 
    ** Shares last up 1.8%, they gained 4% in Sept qtr

($1 = 83.2025 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))