India's TD Power Systems jumps to 2-1/2 week high on stock split

TD Power Systems

30/08/2022 10:20

** Shares of Indian electrical equipment manufacturer TD
Power Systems Ltd   TDPS.NS  rise as much as 9.3% to 628 rupees,
highest since Aug. 11
    ** Co on Tuesday approved a sub-division of equity shares in
the ratio of 1:5  urn:newsml:reuters.com:*:nFWN3060JV
    ** Co's profits for the qtr ended June 30 more than doubled
to 214.9 mln rupees ($2.70 million) urn:newsml:reuters.com:*:nFWN2ZL1E2
    ** More than 397,000 shares change hands by 0903 GMT, 4.2x
30-day avg of 95,233 shares
    ** Stock up 28% so far this year as of last close
    
($1 = 79.5425 Indian rupees)

 (Reporting by Atreya Raghavan in Bengaluru)
 ((Atreya.Raghavan@thomsonreuters.com; Mobile: +91 8527959656))