Johnson Controls-Hitachi Air Conditioning India hits 20-mnth high after Q4 profit

Bosch Home Comfort India

24/05/2024 07:17

** Shares of Johnson Controls-Hitachi Air Conditioning India
 JCHA.NS  up 20% to post highest level since Sept. 2022
    ** Co hits max-allowed 20%, last it hit upper circuit was in
mid-Oct. 2017 
    ** JCHA, that sells Hitachi brand of consumer electricals,
reported Q4 profit at 488.1 mln rupees ($5.9 mln) vs loss 10.6
mln rupees yr ago, rise in rev
    ** Trading vols 7.7x 30-day 
    ** YTD stock has jumped 33% 

($1 = 83.1730 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))