India's Sigachi Industries rises on jump in Sept. qtr profit

Sigachi Industries

28/10/2022 07:27

** Shares of pharma and food ingredients maker Sigachi
Industries Ltd  SIGC.NS  rise as much as 3.7% to 280 rupees,
their highest since Sept. 23
    ** Co on Thursday reported a 37.8% YoY jump in Sept-qtr
consolidated profit to 135.8 mln Indian rupees ($1.65 mln)
    ** Cites increased demand for microcrystalline cellulose
across all industries
    ** Co's revenue from operations jumped 44.2% to 824.7 mln
rupees
    ** More than 114,000 shares change hands by 0605 GMT, 1.6x
30-day avg of 71,950 shares
    ** Stock down 32.3% so far this year, up to last close vs
S&P BSE Healthcare Index's  .SPBSHLIP  9.31% fall
($1 = 82.3230 Indian rupees)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))