India's GNA Axles rises after posting strong quarterly results

Gna Axles

Today 09:42

** Automotive transmission components maker GNA Axles' GNAA.NS shares rise 1.6% to 538.45 rupees 
** Stock has gained in 3 of the last 5 trading sessions
** September-qtr revenue from operations rises 49.8% to 5.21 billion rupees ($54.87 million)  
** Q2 profit rises 41.3% to 440.7 million rupees 
** Stock trades at forward 12 months PE of 15.31 vs industry median of 21.59 - LSEG-compiled data
** YTD, stock up 76.6% vs 23.5% rise in shares of peer Talbros Automotive Components TALB.NS  


($1 = 94.9500 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))