India's TD Power Systems hits record high on Q4 profit jump

TD Power Systems

09/05/2023 10:25

** Shares of TD Power Systems Ltd  TDPS.NS  rise as much as
6.2% to 186 rupees, a record high
    ** Shares post sharpest intraday pct gain since April 24
    ** Air-conditioner generator maker reports over 43% rise in
March-qtr consol profit at 353.5 mln rupees ($4.32 mln), aided
by strong performance in manufacturing and project business
segments
    ** Rev from ops rises 10% to 2.50 billion rupees, including
an 11.2% rise in its manufacturing segment rev
    ** Stock trading above 50-, 100-, and 200-day moving
averages since March 17
    ** MACD line above signal line since April 25, suggesting
bullish momentum
    ** More than ~1.5 mln shares traded by 2:41 p.m. IST, 2.5x
the 30-day avg
    ** Stock up 47.7% so far this year, up to last close

($1 = 81.7800 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))