India's Sharda Cropchem gains on stronger quarterly earnings

Sharda Cropchem

24/01/2023 09:27

** Shares of Sharda Cropchem  SHCR.NS  rise as much as 4.29%
to 508 rupees, their highest since Jan 6
    ** The jump comes after the agrochemicals company reported
an uptick in consolidated net profit, while its core profit rose
to 2.07 bln rupees in the third quarter, from 1.88 bln rupees in
the year-ago period  urn:newsml:reuters.com:*:nFWN3491NO
    ** Co also declared an interim dividend of 3 rupees per
share for FY2023
    ** Trading volume is 171,150, 0.5x the 30-day avg of 350,572
shares
    ** All seven analysts tracking the company maintain "buy",
median TP is 660 rupees: Refinitiv data
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))