Eimco Elecon (India) hits record high on Q1 profit jump

Eimco Elecon (India)

16/07/2024 09:07

** Shares of Eimco Elecon (India)  EIMC.NS  rise 5% to
2,892.40 rupees, hitting a record high and its upper circuit
    ** The mining equipment maker's June-quarter net profit
after tax more than doubled, while rev from ops jumped 59%
    ** EIMC on track for fourth straight session of gains
    ** Stock up ~81% YTD; had jumped over four-fold in 2023 for
best yearly gains since listing in 1996

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))