India's Hindustan Foods rises on strong quarterly profit

Hindustan Foods

09/11/2022 07:47

** Shares of Hindustan Foods  HFDS.NS  rise as much as 6.25%
to 510 rupees, mark sharpest intraday pct gain since Oct. 19
    ** Co reports a 73.28% Y/Y rise in Sept-qtr consolidated net
profit to 189.3 million Indian rupees ($2.32 million)
    ** Revenue from operations jumps 40.49% Y/Y to 6.62 bln
rupees
    ** Co says Shashi Kalathil will act as chairman as current
Chairman Shrinivas Dempo has resigned
    ** Stock of co hits highest level since Oct. 27, on track
for a third consecutive session of gains
    ** HFDS is primarily engaged in the business of contract
manufacturing of FMCG products
    ** More than 39,000 shares change hands by 0714 GMT vs
30-day avg of 38,361 shares
    ** Stock up 24.61% YTD, as of last close
($1 = 81.4300 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))