India's Indo Tech Transformers gains on Q4 profit rise

Indo Tech Transformers

24/05/2024 07:27

** Shares of Indo Tech Transformers  INTT.NS  rise 5% to
1,604.2 rupees    
    ** The heavy electrical equipment maker said on Thursday its
Q4 PAT rose ~33% to 255.7 mln rupees ($3.1 mln)
    ** Rev from ops up 21% Y/Y
    ** INTT trading above its 200-day simple moving avg since
mid-May, 2023
    ** Stock up 17% so far this week, eyes best weekly gain
since April 19



($1 = 83.1420 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))