India's Frog Cellsat hits record high after contract win, Q2 results
21/10/2024 08:02
** Shares of Frog Cellsat Ltd FROG.NS rise as much as 7.4%
to a record high of 401 rupees
** Radio frequency equipment maker gets contract worth 160
mln rupees ($1.9 mln) for deploying an active distributed
antenna system for 4G and 5G coverage at Navi Mumbai
International Airport
** Co also reported 60.4% y/y rise in Q2 profit to 41.3 mln
rupees, income from ops increased 31.6% helped by accelerated 5G
deployment and rising demand for network coverage solutions
** More than 179,000 shares traded as of 12:24 p.m. IST, 3x
their 30-day moving avg
** FROG last up 1.8%, adding to YTD gains of 118.3% so far
($1 = 84.0700 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
((meenakshi.maidas@thomsonreuters.com;))