India's Rane (Madras) up as Sept quarter profit soars

Rane (Madras)

21/10/2022 11:08

** Shares of Rane (Madras) Ltd  RAMD.NS  rise as much as
6.4% to 390.05 rupees after a jump in Sept-qtr profit
    ** Stock marks sharpest intraday pct gain in over three
weeks 
    ** Stock hits highest level since Oct. 3
    ** Co on Friday reported an 86.7% Y/Y increase in profit to
158.3 mln rupees ($1.91 million)  urn:newsml:reuters.com:*:nFWN31M0SO
    ** Rev from ops rose 30.3% Y/Y to 5.37 bln rupees
    ** More than 97,000 shares change hands by 1000 GMT vs
30-day avg of more than 26,000 shares
    ** RAMD down 3.3% YTD up to last close
($1 = 82.7425 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ;+91 8078332441))