India's HeidelbergCement falls as Sept-qtr profit dips

Heidelbergcement India

17/10/2022 10:26

** Shares of HeidelbergCement India  HEID.NS  fall as much
as 5.1% to 195.1 rupees, lowest since Oct. 7
    ** Stock posts its biggest intraday pct loss since Sept. 27
    ** Co reports Sept. quarter net profit of 70.1 million
Indian rupees ($850,986.34) vs 595.6 million rupees a year ago
    ** Revenue from operations fell to 5.06 billion rupees from
5.76 billion rupees
    ** More than 933,810 shares change hands by 0922 GMT vs
30-day avg of 1.1 million shares
    ** Eight of the 18 analysts covering the stock have a "buy"
or "strong buy" rating, seven has "hold" while three rate it at
"sell" or "strong sell"; median PT is 202 rupees - Refinitiv
data
    ** Stock down 9.2% YTD up to last close
($1 = 82.3750 Indian rupees)
 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))