India's Wendt jumps as Q3 profit surges

Wendt (India)

18/01/2023 09:36

** Shares of Wendt (India)  WNDT.NS  up 8.72% at 8,299.95
rupees - highest since Dec 2, 2022
    ** Special purpose machine maker posts ~81% y/y surge in Q3
consol net profit, while rev from ops rose ~24%
    ** Co shares climb above 50-day and 100-day moving averages
for the first time since Dec. 19
    ** Trading vol 4.3x the 30-day moving avg
    ** Stock rose 46.7% in 2022, marking three years of
consecutive gain 
($1 = 81.4030 Indian rupees)
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))