India's Swaraj Engines hits record high on Q4 profit jump

Swaraj Engines

16/04/2025 10:29

April 16 - ** Shares of Swaraj Engines SWAR.NS hit record high, up 6% at 4235 rupees
** Diesel engine manufacturer's Q4 profit jumped 29.1% to 454.2 mln rupees ($5.3 mln), rev rose 29.4% to 4.54 bln rupees
** Co also declared a dividend of 104.5 rupees per shr
** Stock set to rise for a third straight session
** Stock trading above its 50-day, 100-day, 200-day SMAs since March 13, indicating bullish sentiment
** More than 170,000 shares traded, 7x its 30-day moving avg
** SWAR up ~43% YTD

($1 = 85.6200 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))