India's Automotive Axles hits near 6-month high after Q2 profit jump

Automotive Axles

08/11/2023 08:49

** Shares of Automotive Axles  ATOA.NS  up as much as 5.6%
at 2,460 rupees, their highest since May 17
    ** Stock posts biggest intraday gain since May 12
    ** Co says Q2 profit jumps nearly 50%, while a 23% rise in
revenue from ops outpaces a 21% increase in total expenses
    ** Stock most active since March 13 as more than 109,000
shares trade as of 14:14 p.m. IST, 7.4x times their 30-day avg
    ** Stock up ~18% YTD vs a 28% gain in Nifty Auto index
 .NIFTYAUTO  

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))