India's Stove Kraft rises on qtrly profit rise

Stove Kraft

31/07/2023 07:17

** Shares of India's Stove Kraft  STOE.NS  up as much as
5.17% at 495 rupees 
    ** Home and kitchen appliances maker posted nearly 1.5% rise
in June-qtr profit, while rev from ops climbed more than 8% 
    ** Co named Ramakrishna Pendyala as CFO 
    ** Co shares trading above 50-day and 100-day simple moving
averages
    ** More than 260,072 shares changed hands by 11:42 a.m IST, 
1.2X 30-day avg
    ** YTD stock has fallen ~4% 


 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))