India's Heritage Foods rises on Q1 profit surge
** Shares of Heritage Foods HEFI.NS rise 4% to 570 rupees
** Dairy products maker's Q1 profit surged 3.5X YoY
** Stock on track for second-best day in July; it rose 5% on
July 9
** Rival Dodla Dairy DODL.NS also posted Q1 profit surge,
sending shares up
** HEFI up ~88% YTD vs ~40% climb in DODL
(Reporting by Varun Vyas in Bengaluru)
((varunvyas.hebbalalu@thomsonreuters.com))
Recent news on Heritage Foods
See all newsBrief: Heritage Foods Approves Amalgamation Of Heritage Novandie Foods With Heritage Foods
India's Heritage foods slips on higher milk procurement costs
Brief: Heritage Foods Sept-Quarter Consol Net Profit 313.6 Million Rupees
Temasek-backed Milky Mist targets $1.13 billion valuation in trimmed India IPO
India's Milky Mist cuts IPO size after Temasek deals, launch next week (updated)