Preview: India's Jsw Holdings Rises Ahead Of Sept: quarter results

JSW Holdings

04/11/2022 06:53

** Shares of non-banking financial company JSW Holdings Ltd
 JNSW.NS  rise as much as 3.2% to 4344.9 rupees, marking highest
intraday percentage gain since Oct 27, ahead of its Sept-qtr
results on Friday  
    ** Stock also hits highest in a week
    ** JNSW, the investment arm of conglomerate JSW Group, had
posted a 62.8% drop in June-qtr consol profit at 55.5 million
rupees ($672,279.09) due to higher expenses 
    ** JNSW's first-qtr revenue from ops, however, rose to 188.0
mln rupees from 156.4 mln rupees a year ago
    ** JSW Energy Ltd  JSWE.NS  reported a 35.7% rise in
Sept-qtr profit last month, while JSW Steel  JSTL.NS  posted a
surprise quarterly loss on price slump
    ** JNSW stock up 1.5% this year, up to last close 
    ($1 = 82.5550 Indian rupees)
 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))