Khadim India hits over 1-1/2-yr high on strong March-qtr results

Khadim India

18/06/2021 07:56

** Indian footwear retailer's shares  KHAD.NS  gain as much
as ~16% to 225 rupees, their highest since Nov. 13, 2019
    ** KHAD on Thursday posted March-qtr consolidated net profit
of 115.2 mln rupees ($1.55 mln) vs loss of 198.8 mln rupees yr
ago, while rev from ops rose 70.6%  urn:newsml:reuters.com:*:nFWN2NZ0IG
    ** Co's March-qtr results yr ago were heavily impacted by
COVID-19 induced national lockdown, which led to temporary
closure of co's manufacturing and sales operations 
    ** More than 1.3 mln shares traded as of 0648 GMT, 6.4 times
their 30-day moving avg of ~210,000 shares
    ** Up to Thursday's close, stock had risen 54.2% this year 



($1 = 74.1200 Indian rupees)

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