India's Craftsman Automation hits record high on earnings boost

Craftsman Automation

24/07/2023 10:32

** Shares of Craftsman Automation  CRAF.NS  rise as much as
9.34% to record high of 4,963.00 rupees
    ** Co's June-qtr net profit jumps 31.50% YoY; rev from
operations up 30.5%
    ** Trading volume is over 136,000 shares as of 2:51 p.m.
IST, nearly thrice the 30-day avg - Refinitiv data
    ** Avg rating of seven analysts close to equivalent of
'strong buy' - Refinitiv data
    ** Median PT of 4,000.00 rupees, however, is well below last
close of 4,539.15 rupees
    ** Stock up 36.2% in 2023 so far compared to 9% rise in
Nifty 50 index  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))