India's Modison hits upper circuit after quarterly profit

Modison

14/08/2026 08:57

** Shares of India's Modison MOME.NS rise 5% to 339.15 rupees, hitting exchange-mandated upper limit 
** Stock hits its highest level since June 24, 2026
** Electrical contacts manufacturer reports June-quarter consolidated profit increases sevenfold Y/Y to 338.4 million rupees from 48.1 million rupees a year earlier
** Consolidated revenue from operations more than doubles Y/Y to 2.7 billion rupees in the quarter from 1.3 billion rupees a year earlier
** Stock more than doubles on a YTD basis

(Reporting by Payel Das in Bengaluru)
((Payel.das@thomsonreuters.com))