India's Sanofi rises most in over 7 months on Dec-qtr profit jump

Sanofi India

24/02/2023 04:11

** Shares of Sanofi India Ltd  SANO.NS  rise as much as 5%
to 5626.50 rupees, their biggest intraday pct gain since July
14, 2022 
    ** Pharmaceutical co reports 44.8% jump in Dec-qtr profit at
1.31 bln rupees ($12.10 mln) compared with 904 mln rupees a year
earlier
    ** Total expenses dip 9.9%, helping Sanofi register a rise
in profit for the quarter ended Dec. 31
    ** SANO recommends final dividend of 194 rupees per share
and a second special dividend of 183 rupees per share
    ** Rev from ops rise 2.3% to 6.72 billion rupees
    ** Stock hits its highest since Jan. 27
    ** More than 34,520 shares change hands by 9:25 a.m. IST,
4.1x 30-day avg of 8,358 shares
    ** 7 of the 8 analysts covering the stock have a "buy" or
"strong buy" rating, while one has "hold"; median PT is 6727
rupees - Refinitiv data
    ** Stock last up 4%, cutting YTD losses to 4.8%
($1 = 82.6610 Indian rupees)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))