India's Sharda Cropchem jumps over 4% on rise in Q4 profit

Sharda Cropchem

15/05/2023 07:17

** Shares of Sharda Cropchem Ltd  SHCR.NS  rise as much as
4.58%, most intraday gain in a year, to 519.90 rupees
    ** Uptick after the agro-chemicals firm reports 12% Y/Y rise
in consolidated net profit to 1.99 bln rupees in March quarter
    ** Revenue from operations gains over 3% Y/Y to 14.82 bln
rupees
    ** SHCR approves final dividend 3 rupees per share
    ** Trading volume is 346,562 shares as of 11:43 a.m. IST,
more than thrice the 30-day avg - Refinitiv data
    ** All seven analysts tracking SHCR maintain "buy"; median
TP is 687 rupees 
    
 
 ($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))