India's AIA Engineering gains as Q3 earnings jump

AIA Engineering

27/01/2023 08:41

** Shares of AIA Engineering  AIAE.NS  rise as much as 5.25%
to 2,612 rupees, their highest intraday gain in 10 weeks 
    ** The rise comes after the co reported an uptick in net
profit, revenue from operations and core profit in the third
quarter
    ** Core profit margins expanded to 29.83% in Q3, compared
with 18.99% a year ago
    ** Trading volume on the stock of the maker of high Chrome
mill castings is 187,971 shares, 3.2x the 30-day avg of 58,608
shares
    ** Of the 13 analysts tracking the company, nine maintain
"buy", one suggests "sell" and three recommend "hold"; median TP
is 2,900 rupees
    ($1 = 81.5940 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))