India's Hindustan Foods surges on Q4 profit jump

Hindustan Foods

19/05/2023 08:07

** Shares of fast-moving consumer goods (FMCG) manufacturer
Hindustan Foods  HFDS.NS  up as much as 7.14% at 632.45 rupees,
their highest since April 13
    ** Co logs sharpest intraday pct gain since April 11, on
track for second consecutive session of gains if trend holds
    ** HFDS reported ~65% gain in consolidated net profit for
the quarter ended March 31, at 202.3 million rupees ($2.47
million)
    ** Revenue from operations rose 13.5% to 6.60 billion rupees
    ** HFDS is trading above, above its 50-, 100-, and 200-day
simple moving averages, indicating bullish sentiment 
    ** About 120,868 shares change hands as of 12:30 p.m. IST,
vs 3.9x 30-day average of 31,006 shares 
    ** Stock down 3.32% YTD as of last close

($1 = 81.7800 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))