India's Craftsman Automation up on starting operations at new plant

Craftsman Automation

01/03/2024 05:46

** Shares of Craftsman Automation  CRAF.NS  rise 2.8% to
4,305 rupees 
    ** The automotive and industrial engineering firm said on
Thursday it will commence the commercial operations of its new
plant in southern Indian state of Tamil Nadu
    ** Average rating of seven analysts tracking CRAF is "buy",
median PT is 5,395 rupees - LSEG data
    ** Stock poised to snap seven consecutive session of losses,
if trend holds
    ** CRAF down 20.4% YTD compared to a 54.8% rise in 2023
    

    

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