India's JTEKT rises after quarterly profit jumps

Jtekt India

14/11/2022 08:05

** Shares of automotive components maker JTEKT India Ltd
 JTEK.NS  rise as much as 9.3% to 114.95 rupees, their highest
since September 2021
    ** JTEK on Monday reported a 192% jump in consolidated net
profit to 277.7 mln rupees ($3.42 million) urn:newsml:reuters.com:*:nFWN32A335
    ** Consol rev from ops rose 48% to 5.71 bln rupees
    ** Co posts biggest pct gain since Oct. 14
    ** More than 508,742 shares change hands by 0750 GMT vs
30-day avg of 354,829 shares
    ** Median PT is 108.00 rupees - Refinitiv data
    ** Stock up 13.30%% YTD up to last close
($1 = 81.1050 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))