India's Menon Bearings hits over 2-mnth high on Q4 profit rise
28/04/2023 10:00
** Shares of Menon Bearings MENO.NS rise as much as 4.3%
to 108.95 rupees
** Co's March-qtr net profit after tax rose 35.4% YoY, aided
by a fall in input costs
** Co's income from operations at 538.7 mln rupees ($6.6
mln) vs 516.1 mln rupees a year ago
** Trading volume 2.4x the 30-day avg as of 2:10 p.m. IST
** Including session's gains, stock up ~11.4% YTD
($1 = 81.8450 Indian rupees)
(Reporting by Biplob Kumar Das in Bengaluru)
((Biplobkumar.das@thomsonreuters.com))