India's Uma Exports hits 3-week high on Sept-qtr profit

UMA Exports

15/11/2022 07:47

** Shares of Uma Exports  UMAE.NS  rise as much as 4.54% to
50.65 rupees, their highest level since Oct. 24 
    ** Stock sees sharpest intraday pct gain since Oct. 17, set
for second straight session of gains
    ** Co reported consolidated net profit of 80 mln Indian
rupees ($984,918.44) on Monday for Sept. qtr vs loss of 74.2 mln
rupees a year ago
    ** Revenue from operations declined 6.29% Y/Y, while total
expenses fell 11.55%
    ** UMAE is engaged in export of agricultural produce and
commodities including rice, wheat, sugar and spices
    ** More than 73,000 shares change hands by 0732 GMT, 1.5x
30-day avg of 50,485 shares
    ** Stock down 39.29% from its listing in April, as of last
close
($1 = 81.2250 Indian rupees)
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))