India's Enkei Wheels hits record high after reporting quarterly profit

Enkei Wheels (India)

25/04/2024 09:58

** Shares of Enkei Wheels (India)  ENWL.BO  rise as much as
17.7% to a record high of 760 rupees
    ** Aluminium alloy casting wheels maker reported March-qtr
profit of 88.7 mln rupees ($1.1 mln) vs loss of 44 mln rupees
year ago
    ** Revenue from operations jumped 67.3% Y/Y
    ** Stock on track for a seventh consecutive session of
gains, if trend holds 
    ** More than 178,000 shares traded as of 2:20 p.m. IST, 56x
the 30-day moving avg; busiest session since August 2015
    ** Including session's gain, stock is up 19.3% YTD 
    


($1 = 83.3180 Indian rupees)

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