India's Jyoti CNC Automation surges 10% after Q2 profit jump

Jyoti CNC Automation

14/11/2024 09:01

** Shares of machine tool maker Jyoti CNC Automation
 JYCA.NS  rise as much as 10% to 1,155 rupees
    ** JYCA reports more than four-and-a half fold Y/Y jump in
Q2 consol net PAT while rev from ops rose 42.5% Y/Y
    ** Adds, co will expand its installed manufacturing capacity
at Rajkot facility for 4 bln rupees ($47.4 mln)
    ** Stock on track to snapping four straight session of loss,
if trend holds
    ** More than 320,000 shares change hands, 2.4x of 30-day avg
    ** Since listing on Jan. 16, stock is up 196.5%







($1 = 84.4050 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))