India's Eimco Elecon hits record high after Q2 profit jump

Eimco Elecon (India)

17/10/2023 09:21

** Shares of Eimco Elecon (India)  EIMC.NS  up as much as
9.4% to hit all-time high of 1,519.70 rupees
    ** Mining equipment maker reported a ~77% YoY rise in
Sept-qtr consol net profit after tax; rev from ops up ~39% YoY
    ** Over 59,809 shares change hands as of 01:44 p.m. IST,
2.2x the 30-day moving average
    ** Including day's move, stock has more than tripled so far
this year

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