India's KPT Industries hits record high on Q3 profit

KPT Industries

13/02/2023 08:24

** Shares of Indian electric power tools maker KPT Industries Ltd  
 KPTI.BO  rise as much as 19.7% to 288.85 rupees, a record high
    ** Stock marks sharpest intraday pct gain since Oct. 14, 2021; on track for
a second consecutive session of gains
    ** KPTI on Monday reported a profit of 27.3 million rupees in the quarter
ended Dec. 31, compared to a loss of 2.3 million rupees a year ago  urn:newsml:reuters.com:*:nFWN34T00T
    ** Revenue from operations rose 41.6% to 445.5 million rupees
    ** More than 20,000 shares change hands by 13:33 p.m. IST, 7.1x the 30-day
avg, marking most active trading session since Jan. 10
    ** Stock trading above 70 on the relative strength index (RSI), suggesting
the stock may be overbought
    ** Stock up ~46% in 2022
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))