India's HT Media jumps on posting quarterly profit

HT Media

08/05/2024 10:03

** Shares of HT Media  HTML.NS  rise as much as 17%, their
highest level since March 1
    ** Stock last up nearly 10%, set for best day since early
January 
    ** Parent of Hindustan Times newspaper posted Q4 profit of
12.5 mln rupees ($149,690) vs loss of 149.6 mln rupees yr ago  
    ** Profit aided by a 21% drop in raw material costs 
    ** More than 2.3 mln shares traded, 4x their 30 day avg  
    ** HTML up 16% YTD after posting a similar rise in 2023 


($1 = 83.4810 Indian rupees)


($1 = 83.5059 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))