India's ZF Commercial surges on bigger quarterly profit

ZF Commercial Vehicle Control Systems India

07/02/2025 08:56

** ZF Commercial Vehicle Control Systems  ZFCV.NS  jumps as
much as 10.3%, biggest intraday gain in eight months
    ** Stock last up ~8%, second-biggest pct gainer on Nifty 500
 .NIFTY500 , with trading vols 7x the 30-day avg
    ** Auto parts maker says Dec-qtr profit after tax jumped
~24%
    ** ZFCV rated "buy" on avg by 4 brokerages, median PT at
16,692.5 rupees vs current price of 11,707.65 rupees -LSEG data 
    ** Stock cuts YTD losses to ~1%; Nifty 500 has fallen 3% YTD

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))