India's SAMKRG Pistons rises on Q2 profit jump

Samkrg Pistons and Rings

04/11/2024 09:00

** Shares of SAMKRG Pistons and Rings  SAMP.BO  rise as much
as 15.5% to 208.4 rupees, their biggest one-day jump since July
1
    ** Automobile parts-maker posts 50% rise in Q2 profit YoY,
helped by 7% drop in costs; However, Q2 revenue falls 4% 
    ** SAMP sees busiest day in nearly 3 months, with over
48,000 shares traded as of 2.28 pm IST 
    ** Stock last up 5.4% and has risen 27% YTD

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))