India's Hind Rectifiers rises on Q3 profit jump

Hirect

02/02/2023 08:05

** Shares of Hind Rectifiers Ltd  HRCT.NS  rise as much as
8.9% to 231.9 rupees, their biggest intraday pct gain since Dec.
26, 2022
    ** The power electronics equipment maker says its quarterly
net profit after tax (PAT) climbed ~85% to 24.2 million rupees
($295,383.11)
    ** Rev from ops at 972.3 million rupees, up 3.2%
    ** Stock continues to cross 50-day, 100-day and 200-day
Simple Moving Average (SMA) of shares
    ** About 8,868 shares change hands by 1:22 p.m. IST vs
30-day avg of 6,702 shares
    ** Stock down 4.7% so far this year, as of last close
($1 = 81.9275 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))