India's Vascon Engineers jumps 13% Q4 earnings rise

Vascon Engineers

15/05/2023 10:31

** Shares of Vascon Engineers Ltd  VASC.NS  jumped as much
as 13.23% to 41.50 rupees, highest in over five months
    ** Uptick after the construction engineering firm reports
more-than-fourfold Y/Y jump in profit on a 50% spike in revenue 
    ** Stock is most active in over five years, with a trading
volume of 11.67 mln shares as of 2:56 p.m. IST, 11 times the
30-day avg -  Refinitiv data
    ** The relative strength of VASC is 83, suggesting the stock
may be overbought
  
($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))