India's CARE Ratings jumps after Q2 profit growth

CARE Ratings

24/10/2024 05:21

** Shares of CARE Ratings Ltd  CREI.NS  rise as much as
13.7% to 1,332.65 rupees
    ** Credit rating co reported a 31% YoY rise in consolidated
Q2 net profit to 460.9 mln rupees ($5.5 mln), Q2 rev jumped
21.7% 
    ** Stock on track to gain for fifth consecutive week
    ** More than 552,000 shares traded as of 9:47 a.m. IST, 5x
their 30-day moving avg
    ** CREI gained 8.7% so far this week, adding to YTD gains of
40.5%


($1 = 84.0650 Indian rupees)

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