India's Amrutanjan Health Care hits record high as Q3 profit jumps

Amrutanjan Health Care

12/02/2021 06:30

** Shares of ayurvedic pain balms and beverages maker
 AJAN.NS  rise as much as 15.8% to hit a record high at 618
rupees
    ** Chennai, Tamil Nadu-based co on Thursday reported more
than two-fold rise in Dec. qtr profit  urn:newsml:reuters.com:*:nFWN2KH0AE
    ** Demand continues to grow for core products like balms and
women hygiene - AJAN
    ** Key raw material prices including menthol are lower,
gross margin improved by 331 basis points when compared to YTD
Dec'19, co said
    ** About 1.4 mln shares change hands, 9.4x 30-DMA 137,974
shares
    ** AJAN shares gained 14.3% in 2020    

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
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