India's Uttam Sugar Mills climbs on Q4 profit growth

Uttam Sugar Mills

16/05/2023 05:52

** Shares of Uttam Sugar Mills Ltd  UTSM.NS  rise as much as
3.61% after co reports 14.6% YoY growth in Q4 profit
    ** Revenue from ops up 7.5%; also declared a dividend of
2.50 rupees per share
    ** Stock above 50-day, 100-day and 200-day exponential
moving averages since April 18, suggesting bullish trend
    ** More than 81,000 shares change hands in early trade vs
30-day avg of ~134,100 shares
    ** Stock down 5.36% as of last close this year, against a
19.6% growth in the same period in 2022

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