India's Apar Industries rises on Q3 profit jump

Apar Industries

30/01/2024 08:11

** Shares of Apar Industries  APAR.NS  up 4.2% at 5,985 rupees
    ** The electrical components maker reported a 28.1% Y/Y jump
 in Q3 consolidated net profit, rev from ops up 2%  
    ** More than 540,000 shares change hands as of 1:38 p.m.
IST, 4x the 30-day avg
    ** Stock has been trading above its 200-day moving avg since
May 2022 
    ** APAR on track to snap two-month winning streak, if trend
holds 

 (Reporting by Navamya Ganesh Acharya)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))