India's Bajaj Steel Industries hits record high on qtrly profit rise

Bajaj Steel Industries

02/08/2024 07:48

** Shares of Bajaj Steel Industries  BJST.BO  up 4.5% to a
record high of 1,990 rupees 
    ** The heavy machinery maker's profit before exceptional
item and tax jumped ~60% y/y, rev from ops grew ~44% 
    ** It incurred a one-time gain of 265.2 mln rupees ($3.2
mln)
    ** Stock up ~14% so far this week, on track to log best
weekly gains since May




($1 = 83.7300 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))