India's Rane Engine Valve rises exchange-allowed max of 5% on Q2 profit jump
23/10/2024 10:30
** Shares of Rane Engine Valve RAEV.NS rise
exchange-allowed maximum of 5%
** Auto parts maker's stock set for best day in two months
** Co Sept-qtr profit jumps nearly four fold to 57.3 million
rupees ($681,574.88)
** RAEV set to snap three-day losing streak
** Stock up ~31% so far this year after rising 55% in 2023
($1 = 84.0700 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
((dimpal.gulwani@thomsonreuters.com))
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