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VENKEYS - Venky's (India) News Story

₹2983.65 -7.3  -0.2%

Last Trade - 24/09/21

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £415.2m
Enterprise Value £405.9m
Revenue £361.6m
Position in Universe 526th / 3149

BUZZ-Indian poultry co Venky's rises after swinging to profit in March-qtr

Mon 10th May, 2021 8:48am
** Indian poultry producer's  VENK.NS  shares rise as much
as 7.7% to 1,765 rupees, their highest since Feb. 3
    ** VENK swings to a profit of 779 mln rupees ($10.61 mln) in
the March-qtr vs a loss of 967.3 mln rupees a year earlier,
while rev. from ops rises 42.4%  urn:newsml:reuters.com:*:nFWN2MU2UO
    ** VENK's poultry and poultry products segment sees 31.6%
jump in March-qtr revenue
    ** "During the quarter, the poultry and poultry products
segment witnessed better realizations from the sale of day old
chicks and grown up broilers" - VENK https://bit.ly/3bgJ4kd
    ** Co says it witnessed some negative impact in January due
to the outbreak of bird flu
    ** In the March-qtr last year, the govt ordered a national
lockdown due to COVID-19 pandemic, drastically reducing VENK's
sales volume and affecting its operations  
    ** More than 760,000 shares traded as of 0740 GMT, 12.4
times their 30-day moving avg. of ~61,000 shares
    ** Up to Friday's close, stock had fallen 6.2% YTD


($1 = 73.3950 Indian rupees)

 (Reporting by Anuron Kumar Mitra in Bengaluru)
 ((AnuronKumar.Mitra@thomsonreuters.com; +91 99863 58469;))
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