India's Pitti Engineering hits record high on Q1 profit jump

Pitti Engineering

16/08/2024 08:58

** Shares of Pitti Engineering  PITE.NS  rise 3.3% to
1,345.45 rupees, hitting a record high
    ** Electrical components maker posted 47% jump in June-qtr
consol profit while rev from ops rose 32%
    ** PITE up ~12% so far in Aug; stock had gained ~21% in
July, its fourth straight month of gains
    ** Stock up ~91% YTD, had jumped ~118% in 2023 for fourth
straight year of gains

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))