India's A K Capital rises on Q3 profit jump

A K Capital Services

09/02/2023 05:35

** Shares of A K Capital Services Ltd  AKCL.BO  up as much
as 8% at 470 rupees
    ** Co records sharpest intraday gain since Jan. 30
    ** Merchant banking services provider on Wednesday reported
a 7.3% YoY increase in Q3 consolidated profit at 221.3 million
rupees ($2.68 million)
    ** Revenue from operations up 33.6% at 1.05 bln rupees
    ** Co trading above its 50-day, 100-day, and 200-day moving
averages
    ** Trade volume exceeds 0.5x 30-day avg
    ** Stock fell 10.8% as of last close, after posting three
consecutive year of gains
    ($1 = 82.6150 Indian rupees)
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))