India's Sakthi Sugars jumps the most in over 2 months on profit rise

Sakthi Sugars

14/11/2022 08:40

** Shares of Sakthi Sugars Ltd  SKSG.NS  rise as much as
9.8% to 23 rupees after Q2 results 
    ** Co reported September quarter profit of 49.3 million
rupees ($607,966.46) vs loss of 607.3 mln rupees a yr ago
    ** Rev from ops more than quadrupled to 2.42 bln rupees
    ** SKSG's sugar segment revenue rose to 2.52 bln rupees vs
616.6 mln rupees a yr ago
    ** Stock biggest intraday pct gain since Sept. 6
    ** ~1.2 mln shares change hands by 0830 GMT vs 30-day avg of
217,281 shares
    ** Stock up 37.8% so far this year, up to last close 
($1 = 81.0900 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))