India's SJS Enterprises climbs to 6-month high on Q4 profit surge

SJS Enterprises

21/05/2024 05:14

** Shares of SJS Enterprises rise as much as 10.5% to 705.1
rupees, their highest since Nov 7, 2023
    ** The auto parts maker posted a 74% surge in Q4
consolidated net profit to 267 mln rupees ($3.2 mln), aided by
strong growth in private vehicle, consumer segments and exports
    ** Rev from ops up 75% Y/Y
    ** SJSE stock eyes sixth consecutive session of gains, if
current trend holds
    ** More than 183,000 shares change hands, 3x its 30-day avg
    ** Stock up 12% so far in May, eyes best monthly gain since
last July


   ($1 = 83.3140 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))