India's Elgi Equipments climbs on Q4 profit surge

ELGI Equipments

22/05/2023 06:34

** Shares of Elgi Equipments Ltd  ELGE.NS  surge as much as
12.45% to a five-month high of 531.00 rupees
    ** Co reports more than 2x YoY jump in Q4 consolidated net
profit; revenue from operations grows 15%  urn:newsml:reuters.com:*:nFWN37G0K0
    ** Co also declared dividend of 2 rupees per share
    ** Stock is most active in six months, with a trading volume
of  2.52 mln shares as of 10:56 a.m. IST - Refinitiv data
    ** Including session's gains, stock extends YTD growth to
~25.9%

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))