India's Modison up after Q3 profit rises

Modison

03/02/2026 05:54

** Shares of Modison Ltd MOME.NS rise as much as 10.4% to 161.99 rupees
** Electrical contacts manufacturer reported a nearly four-fold y/y rise in Q3 consol profit to 200.6 mln rupees ($2.2 mln); rev up 18.6%
** Adds, co accounted for a one-time gain of 117 mln rupees connected to profit on hedging of silver in stock of group
** Stock on track to snap 3 days of losses
** More than 104,000 shares traded as of 11:17 A.M. IST, over their 30-day moving avg of 92,401 shares
** MOME last up 5.4%; fell 18.8% in 2025

($1 = 90.3280 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))