India's Jyothy Labs gains on surge in Q4 earnings

Jyothy Labs

03/05/2023 09:58

** Shares of Jyothy Labs Ltd  JYOI.NS  rise as much as 3.88
after co posts 55% YoY growth in Q4 net profit
    ** Revenue from operations rises 13%; core profit up 59%
    ** Co also approves a dividend of 3 rupees per share for
FY2023
    ** At day's high of 199.70 rupees, stock hits highest level
in nearly a month
    ** Stock is most active in over four months, with a trading
volume of 1.11 mln shares as of 2:18 p.m. IST - Refinitiv data
    ** Avg rating of nine analysts close to 'buy' with median PT
of 221 rupees
    ** Including session's gains, stock cuts YTD loss to ~3.1%

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))