India's Craftsman Automation jumps as qtrly profit rises

Craftsman Automation

17/10/2022 08:29

** Shares of Craftsman Automation Ltd  CRAF.NS  rise as much
as 6.6% to 2,953 rupees ($35.86)
    ** Stock posts sharpest intra-day pct gain since Sept. 20
    ** Engineering services provider reports 25.1% rise in
Sept-qtr consol profit, while rev from ops increased ~36% 
 urn:newsml:reuters.com:*:nFWN31G047
    ** More than 109,000 shares traded as of 0722 GMT, 2.5X
their 30-day moving avg of 44,604 shares
    ** 5 of 6 brokerages rate the stock "buy" or higher and 1
"sell" or lower; median PT is 3,135.50 rupees - Refinitiv data
    ** Shares up 22.5% YTD, as of last close
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))