Wendt (India) rises as quarterly profit surges

Wendt (India)

21/04/2023 11:11

** Shares of Wendt (India) Ltd  WNDT.NS  rise as much as
18.61% to 9.359.95 rupees, their sharpest intraday pct gain
since April 8, 2022
    ** The special purpose machine maker posts over 71% y-o-y
surge in Q4 consol profit at 127.9 mln rupees ($1.56 mln)
    ** Rev from operations up over 23% Y/Y  
    ** WNDT declared final dividend of 50 rupees per share
    ** Trading volume 45.7x the 30-day avg
    ** Wendt stock up over 22% YTD

     ($1 = 82.0950 Indian rupees)

 (Reporting by Nishit Navin in Bengaluru)
 ((Nishit.Navin@thomsonreuters.com ;))