ITD Cementation India rises to record high on Q3 profit surge

Cemindia Projects

09/02/2024 08:57

** Shares of ITD Cementation India  ITCM.NS  up as much as 5.5%
to a record high of 352.7 rupees
    ** Engineering and construction co reported a
more-than-two-fold jump in consolidated net profit for the
Dec-qtr to 783.9 mln rupees ($9.4 million); rev from ops rose
52%
    ** More than 2.7 mln shares change hands, 2.6x its 30-day
avg
    ** Stock last up 2.8%, pushing YTD gains to 20.2% 


($1 = 83.0228 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))