India's Kirloskar Brothers rises on Sept-qtr profit jump

Kirloskar Brothers

10/11/2022 08:48

** Shares of India's Kirloskar Brothers Ltd  KRBR.NS  rise
as much as 7.3% to 390 rupees, highest since Sept. 23
    ** The fluid management solutions co reported a 5X rise in
Sept.-qtr profits to 307 mln rupees ($3.75 mln) on Thursday 
    ** Revenue from operations for grew to 8.64 bln rupees vs
7.51 bln rupees a year ago
    ** Stock rises for fourth straight session 
    ** Nearly 179,000 shares change hands by 0839 GMT, 3.2X
30-day avg of 55,298 shares 
    ** Median PT is 385 rupees - Refinitiv data
    ** Stock up 8.8% so far this year, up to last close
($1 = 81.7750 Indian rupees)
 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))