India's Authum Investment & Infrastructure hits record high on Q1 profit rise

Authum Investment & Infrastructure

08/08/2024 05:07

** Shares of Authum Investment & Infrastructure Ltd
 AUTH.NS  rise as much as 13.4% to a record high of 1,223 rupees
    ** Non-banking finance co reported a more than five-fold
jump in Q1 consol profit to 10.97 bln rupees 
    ** Rev grew more than seven fold to 14.17 bln rupees 
    ** Stock on track to gain for third straight day
    ** More than 344,000 shares traded as of 9:34 a.m. IST,
10.1x their 30-day moving avg; busiest day yet since June 6
    ** AUTH last up 10.8%; it has gained ~39% since listing in
April 

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))