India Nippon Electricals gains on Q2 profit rise

India Nippon Electricals

13/11/2024 08:17

** Shares of India Nippon Electricals  INEL.NS  rise as much
as 7% to 725 rupees
    ** Auto parts maker said its Q2 consol net profit rose 20.7%
to 211.6 mln rupees ($2.5 mln), revenue from operations rose
10.6%
    ** More than 34,000 shares traded, 3 times its 30-day moving
avg
    ** INEL last up 3.2%, extending YTD gains to ~31%
    ** Stock has gained for the last three consecutive years

($1 = 84.3780 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))