India's Updater Services jumps after Q1 profit rises

Updater Services

06/08/2024 08:38

** Shares of Updater Services Ltd  UPDA.NS  rise as much as
5.9% to 328 rupees 
    ** Business service platform provider reported a near
two-fold rise in its Q1 consol profit to 253.6 mln rupees,
helped by business support service segment growth of ~33% y/y
    ** Consol rev grew 13.1% y/y
    ** Stock on track to snap 2 days of losses 
    ** More than 397,000 shares traded as of 1:03 p.m. IST, 1.9x
their 30-day moving avg
    ** UPDA shares last up 1.6%, fell 6.7% YTD so far

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))