India's Venky's jumps on Q1 profit surge, erases YTD losses

Ovobel Foods

07/08/2024 09:01

** Shares of India's Venky's  VENK.NS  surges ~14%, erasing
YTS losses
    ** Stock set for best one-day gain since mid-July 2023
    ** Poultry co reports over three-fold jump in Q1 profit,
helped by higher margins
    ** Stock now up ~7% YTD; was down ~6.5% as of Weds close
    ** Peers Ovobel Foods  OFOD.BO  down 14% YTD, while Simran
Farms  SIMF.BO  has slid 25%

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))