India's Anup Engineering up on Q2 profit jump

The Anup Engineering

30/10/2023 07:44

** Shares of Anup Engineering  ANUE.NS  rise as much as 7.6%
to 2,299 rupees, highest since Aug. 31
    ** Co reported on Monday its consolidated net profit surged
68%, revenue from operations rose ~39% Y/Y
    ** ANUE aided by drop in cost of materials consumed and
finance cost during the quarter
    ** Stock trading above its 50-day, 100-day and 200-day
simple moving averages
    ** More than 127,044 shares change hands by 01:05 p.m. IST
vs 6.3x 30-day avg of 20,318 shares
    ** Stock currently up 6.5%, bumping YTD gains to ~153%

($1 = 83.2410 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))