ITD Cementation India gains on near two-fold surge in Q1 profit

IRB Infrastructure Developers

08/08/2024 05:22

** Shares of ITD Cementation  ITCM.NS  jump ~7%
    ** The engineering and construction company posts near
two-fold surge in Q1 consol net profit, rev from ops up 30% Y/Y
    ** Analysts, on avg, rate ITCM the equivalent of "buy", same
as for rival IRB Infra Developers  IRBI.NS  -LSEG data
    ** ITCM has surged ~81% so far this year, while IRBI is up
~53%

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