India's Mishra Dhatu Nigam jumps on Q2 profit, margin growth

Mishra Dhatu Nigam

14/11/2024 05:47

** Shares of Mishra Dhatu Nigam  MISR.NS  jump 7% to 328
rupees, on course to snap a five-session losing streak
    ** State-owned metals and titanium alloys maker posts 71%
year-on-year rise in consolidated Q2 net profit
    ** Revenue rises about 15% Y/Y, while core profit margin
expands to 18.7% from 15.85% Y/Y
    ** MISR eyeing biggest single-day gain since June 6
    ** Stock down 22.3% in 2024 so far

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))