India's LG Balakrishnan hits record high on quarterly profit rise

LG Balakrishnan & Bros

03/11/2025 10:08

** Shares of LG Balakrishnan & Bros LGB.NS rise as much as  16.4% to record high of 1,650 rupees before settling 14% higher

** Industrial machinery & equipment maker reports 21% year-on-year rise in consol net profit, rev up 19%

** Stock logs best day in more than five years

** More than 2 mln shares change hands, nearly 40 times their 30-day avg

** Including session's gains, stock up 13% YTD

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))