India's Nelcast hits 18-month high on Q1 profit surge

Nelcast

01/08/2025 05:30

** Shares of Nelcast NLCA.NS rise as much as 9.6% to 172.2 rupees, highest since January 30, 2024

** Stock logs biggest intraday pct gain since May 25

** Iron casting manufacturer posts a 57% Y/Y rise in June-qtr profit; rev from ops rises 10.6% Y/Y

** More than 730,300 shares change hands, 2.1x of 30-day avg

** Stock up 39% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))