India's Craftsman Automation rises on Q2 profit climb

Craftsman Automation

30/10/2023 08:11

** Shares of Craftsman Automation  CRAF.NS  up as much as
5.1% to 4,894.45 rupees
    ** Auto ancillary co posts ~51% YoY rise in its Sept-qtr
consol net profit on higher sales; rev from ops up ~52% YoY
    ** Over 91,000 shares change hands as of 01:36 p.m. IST,
2.5x the 30-day moving average
    ** Six of the seven analysts rate the stock "buy" or "strong
buy", while one rates it "hold; median PT is 5,279 rupees - LSEG
data
    ** Stock last up 4.3%, extending YTD gains to 39%
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))