India's Ultracab rises on strong September-quarter results

Ultracab (India)

21/10/2022 09:52

** Shares of electrical wire and cable manufacturer Ultracab
 ULTA.BO  rise as much as 4.2% to 24.70 rupees
    ** Co's Sept-quarter profit doubled to 14.3 mln rupees
($172,935.06) from 7 mln rupees a year earlier
    ** Revenue from operations rose to 312.1 mln rupees from 215
mln rupees
    ** ~16,000 shares change hands by 0834 GMT vs 30-day moving
avg of 33,704 shares
    ** Stock up 8.7% this year, as of last close    
($1 = 82.6900 Indian rupees)
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))