Igarashi Motors India hits 2-week high on Q3 profit

Igarashi Motors India

13/02/2023 09:57

** Shares of Igarashi Motors India Ltd  IGAM.NS  up as much
as 9% to 437.30 rupees, highest since Jan. 31, 2023
    ** Compact motors producer reports profit of 13.4 million
rupees in Dec-qtr against loss of 44.2 mln rupees a year ago,
aided by a 54% growth in its automotive segment
    ** Revenue from operations rises 50% YoY to 1.67 bln rupees
    ** Over 185,000 shares traded by 03:10 p.m. IST, 10x the
30-day moving avg
    ** Stock down 0.7% so far this year as of last close; it
declined 16.3% in 2022
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))