India's Nesco up on qrtrly profit rise

NESCO

21/05/2024 09:52

** Shares of Nesco  NSEN.NS  rise as much as 4.8% before
trimming some gains, last up 2.5% to 909.45 rupees, its highest
since mid-Feb.  
    ** NSEN, which is engaged in licensing premises in IT park
buildings, posts a ~24% rise in March-qtr profit after tax
    ** Rev from ops grew 20% to 1.89 bln rupees ($22.7 mln)
    ** Stock eyes busiest trading session since early Feb.,
volumes at 6.9x the 30-day avg 
    ** Including session's gains, stock up 3.2% YTD 



($1 = 83.2771 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))