India's Heranba Industries set for best-ever day on posting Q1 profit

UPL

12/08/2024 10:45

** Shares of Heranba Industries  HERN.NS  surge 20%, hitting
upper circuit, to highest since Jan 2023
    ** Stock set for best day since listing on March 2021
    ** Agrochemical co posted Q1 profit vs yr-ago loss
    ** Larger rival UPL  UPLL.NS  posted wider-than-expected
loss, Bayer Cropscience's  BAYE.NS  profit dropped
    ** HERN has now surged nearly 21% YTD, overtaking BAYE's
roughly 16% gain, while UPL has lost ~4% in 2024

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))