India's Tega Industries surges on higher Q3 profit, revenue

Tega Industries

05/02/2025 08:40

** Shares of India's Tega Industries  TEGA.NS  surge nearly
14% to two-month high of 1,736.5 rupees
    ** Co, which makes consumable products for mining sector,
posts 52% y/y rise in Q3 consolidated profit; revenue up 20%
    ** Its Q3 total expenses gain 14.6%, slower than revenue
growth of 20%, aiding profit rise
    ** Stock up 10.9% so far in 2025; rose 36% last year 
    ** Analysts' average rating on stock is "buy"; median PT
1,980.50 rupees - data compiled by LSEG
     

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com))