India's KSB jumps most in more than 6 months on Dec-qtr profit rise

KSB

24/02/2023 05:06

** Shares of KSB Ltd  KSBL.NS  up as much as 8.88% at 2020
rupees, their highest since Dec. 1
    ** Stock hits sharpest intraday pct gain since Aug. 12, on
track for third consecutive session of gains if trends hold 
    ** Power-driven pumps manufacturer reports 41.9% Y/Y rise in
Dec-quarter profit to 559 mln rupees ($6.76 mln)
    ** Revenue from operations increases 18% Y/Y to 5.25 bln
rupees 
    ** KSBL remains above its 50-, 100-, and 200-day simple
moving averages, indicating bullish pattern 
    ** More than 206,109 shares traded, as of 9:56 a.m. IST,
17.8x 30-day average
    ** Stock down 4.06% YTD as of last close, after gaining
58.48% last year
($1 = 82.7175 Indian rupees)
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))