India's Satin Creditcare up on Q3 profit surge

Satin Creditcare Network

05/02/2024 06:29

** Shares of Satin Creditcare Network  SATR.NS  rise 6.5% to
266.2 rupees
    ** Non-banking financial co says Q3 consolidated net profit
surges nearly two-fold to 1.13 bln rupees (~$14 mln) Y/Y
    ** Consol rev from ops up 43%
    ** More than 4.2 mln shares change hands, 4x its 30-day avg;
on track for most active volumes since Jan. 2, if gains hold
    ** SATR trading above its 200-day simple moving avg since
April
    ** Stock gained ~5% in Q3, marking three consecutive
quarterly gains



($1 = 83.0130 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))