India's Mold-Tek Technologies up 9% after Q4 profit doubles

Mold-Tek Technologies

02/05/2023 09:42

** Shares of Mold-Tek Technologies Ltd  MOLD.NS  rise as
much as 9.3% to 299.4 rupees
    ** Engineering services firm's March-qtr net profit more
than doubled to 101.1 mln rupees ($1.2 mln), aided by strong
performance in civil and mechanical divisions
    ** MOLD's revenue from operations at 425.6 mln rupees vs
285.3 mln rupees a yr ago
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Trading volume of ~255,000 shares, slightly above the
30-day avg, as of 1:40 p.m. IST 
    ** Stock has more than doubled so far this year



($1 = 81.8800 Indian rupees)

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))