India'a Apar Industries up on Q2 profit jump

Apar Industries

26/10/2023 11:05

** Shares of Apar Industries  APAR.NS  rise as much as 4.4%
to 5,214 rupees, biggest pct gain since Sept. 26
    ** The electrical components maker reported a 69% jump in Q2
consolidated net profit to 1.74 bln rupees ($20.92 million), rev
from ops surged 21% Y/Y
    ** Co aided by a 35% jump in sales from its conductors
segment 
    ** About 538,937 shares change hands as of market close,
2.7X the 30-day avg - LSEG data
    ** Stock currently up 3.7% bumping YTD gains to 182%



($1 = 83.1770 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))