India's HeidelbergCement falls as Dec-qtr profit slumps

Heidelbergcement India

13/02/2023 10:07

** Shares of HeidelbergCement India  HEID.NS  fall as much as
4.3% to 168.1 rupees, biggest intraday pct loss since Feb. 1
    ** Co reports Dec. quarter net profit of 55.8 mln rupees
($674,671) vs 304.4 mln rupees a year ago
    ** Revenue from ops falls to 5.40 bln rupees from 5.45 bln
rupees
    ** More than 666,246 shares change hands as of 3:29 p.m.
IST, 3.8x the 30-day avg of 177,151 shares
    ** Seven of the 18 analysts covering the stock have a 'buy'
rating, six have 'hold' while five rate it 'sell' or 'strong
sell;' median PT is 206 rupees - Refinitiv data
    ** Stock down over 17% as of 2022 
($1 = 82.7070 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))