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PRECAM Precision Camshafts News Story

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Consumer CyclicalsHighly SpeculativeSmall CapNeutral

India's Precision Camshafts gains on quarterly profit surge

** Precision Camshafts PRCM.NS shares jumps 6.3% to 182 rupees

** Auto parts supplier's Q4 consol adjusted profit surged 4x to 193.6 mln rupees ($2.3 mln); sharp fall in costs outweighed rev decline

** Trading volume at 501k shares, more than 2x the 30-day avg

** YTD stock down nearly 50%, including day's move

($1 = 85.6020 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)

 ((Hritam.Mukherjee@thomsonreuters.com;))

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