India's Sigachi Industries hits near 2-yr high on Q2 profit rise

Sigachi Industries

15/11/2023 07:36

** Shares of Sigachi Industries  SIGC.NS  rise as much as
8.2% to 55.85 rupees, hitting highest level since Nov. 18, 2021
    ** The pharma and food ingredients maker on Tuesday reported
11.6% Y/Y rise in Q2 consolidated net profit while rev from ops
rose 20.3% Y/Y
    ** Stock on track for a seventh consecutive session of gain,
if trend holds
    ** More than 7.9 mln shares change hands by 12:56 p.m. IST,
2.4x of 30-day avg
    ** Stock last up 4.5%, bumping YTD gains to about 99%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))