India's Jyothy Labs hits 5-week high on higher Q2 profit

Jyothy Labs

07/11/2023 08:10

** Shares of Jyothy Labs  JYOI.NS  rise as much as 7.5% to a
five-week high of 396.8 rupees
    ** Stock set to rise for a third straight session
    ** Consumer goods company's Q2 consolidated net profit jumps
59.1%, while rev from ops rises 11.1%
    ** Trading vol is 4.2x the 30-day daily avg, tops 4 mln for
the first time since Oct. 3
    ** Avg rating of the 9 analysts on JYOI is "buy" and median
PT is 342.5 rupees - LSEG data
    ** Stock up 6.4% as of 13:25 a.m. IST, extending YTD gains
to ~95%

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))