India's Uttam Sugar Mills hits 7-month high on strong Q3 results

Uttam Sugar Mills

07/02/2022 05:54

** Shares of sugar, ethanol producer  UTSM.NS  rise as much
as 17.2% to 266 rupees, highest since July 2021
    ** Co on Saturday reported an over three-fold jump in
Dec-qtr profit, while revenue jumped 43% (https://bit.ly/3slLLZz)
    ** Sugar prices in India, the world's second-biggest
producer, jumped to a 4-year high in Sept
    ** About 980,894 shares change hands, 3.3x 30-day avg of
300.3 mln
    ** UTSM shares up 43.4% YTD after gaining over 80% in 2021

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))