India's Rane Holdings gains after Q2 profit jump

Rane Holdings

05/11/2024 08:28

** Shares of Rane Holdings  RANE.NS  climb 5.3% to 1,958.05
rupees
    ** Co reports more than four-fold jump in Q2 consol net
profit at 1.78 bln rupees ($21 mln) helped by a one-time gain of
2.14 bln rupees
    ** Excluding one-time gain, profit fell 5.6% Y/Y
    ** Trading volume at 3.2x the 30-day moving avg 
    ** Stock up ~46% YTD, set for third straight annual gain 

($1 = 84.0900 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))