India's Hikal rises 12% as quarterly profit leaps

Hikal

30/05/2023 05:28

** Shares of Hikal Ltd  HIKA.NS  up as much as 12.1% to
317.50 rupees, their highest since March 16
    ** Stock rises after six consecutive sessions of declines 
    ** Chemicals manufacturer posted a ~74% YoY surge in its
March-qtr net profit, while revenue from ops rose 7.4% YoY
    ** Over 2.2 mln shares change hands by 09:46 a.m. IST, 10.4x
the 30-day moving avg
    ** Stock down ~23% YTD vs a 22% decline last year  
  


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))