India's Omax Autos up 10% on swing to Q4 core profit
09/05/2023 07:51
** Shares of Omax Autos Ltd OMXA.NS rise as much as 9.93%
to 52.05 rupees, a two-month high
** Co reports Q4 core profit of 81.12 mln rupees compared to
an operational loss of 184.43 mln rupees a year earlier
** Revenue from operations rose 13% Y/Y; profit after tax
fell 84% Y/Y
** OMXA had exceptional gain of 599.43 mln rupees in Q4FY22
** Stock most active in four months; trading volume of
223,976 shares as of 12:16 a.m. IST, nearly five times the
30-day avg - Refinitiv data
** Relative strength index of OMXA is 72, suggesting it may
be overbought
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))
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