India's TTK Healthcare climbs most in 2 months on improved Q3 results

TTK Healthcare

07/02/2023 08:30

** Shares of pharma and consumer products maker TTK Healthcare
Ltd  TTKH.NS  rise as much as 8.1% to 1,014 rupees - its highest
intraday pct gain since Dec. 14
    ** Stock touches highest level since Jan. 27
    ** Co reported a 94.8% YoY increase in Q3 consolidated
profit from continuing operations to 120 mln rupees ($1.45
million)
    ** Profit from discontinued operations was 60.1 mln rupees a
year ago, before co transferred its Human Pharma division in
May, 2022
    ** Co's revenue from operations rose 15% to 1.83 bln rupees
    ** Nearly 44,000 shares traded as of 1:35pm IST, 3.7X the
30-day moving average
    ** Stock rose 42.4% last year, its third straight annual
gain
($1 = 82.7190 Indian rupees)
 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))