India's Craftsman Automation surges to record high after profit jump

Craftsman Automation

07/05/2026 08:19

** Shares of Craftsman Automation CRAF.NS rise 6.14% to a record high of 8,251.5 rupees

** Diversified engineering firm's Q4 consol net profit jumps 74% y/y, boosted by strong demand for aluminium products; rev up 27%

** More than 238,000 shares traded, over 8.2x the 30-day avg, logging busiest day so far this year

** Stock rated "buy" on avg; median PT 8130 rupees - data compiled by LSEG

** Stock up 6.7% YTD

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))