India's Amber Enterprises hits record high after reporting Q2 profit

Amber Enterprises India

23/10/2024 10:25

** Shares of Amber Enterprises India  AMBE.NS  jumps as much
as 19.3% to record high of 6,788.30 rupees
    ** The consumer durables maker reported Q2 consolidated net
profit of 192.5 mln rupees ($2.29 mln) vs consolidated net loss
of 69.5 mln rupees in the year ago period
    ** Revenue more than doubled to 16.85 bln rupees
    ** Overall 2.8 mln shares changed hands, 3.6X 30-day average
    ** Stock up ~33% in October so far, 104% higher YTD 

($1 = 84.0530 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))