Motherson Sumi Wiring jumps 12% after Q2 profit rises 35%
In short
Motherson Sumi Wiring India jumped 12% after reporting a 35% rise in second-quarter profit. The same market note said ITI rose up to 14%, and Welspun Living’s profit surged to ₹170 crore.
Indraprastha Gas fell 9.5% to a fresh 52-week low. The report does not say why Indraprastha Gas dropped or give more detail on the other moves.
What the reporting says
Motherson Sumi Wiring India gained 12% after reporting a 35% rise in second-quarter profit, according to a CNBC TV18 Business summary. The same note said ITI rose up to 14%, Engineers India and Welspun Living also advanced, and Welspun’s profit surged to ₹170 crore. Indraprastha Gas fell 9.5% to a fresh 52-week low. The exact reason for the IGL drop was not stated.
Why it matters
Motherson Sumi Wiring India climbed 12% after reporting a 35% rise in second-quarter profit. The same summary said ITI rose up to 14%, Engineers India and Welspun Living also gained, and Welspun’s profit surged to ₹170 crore. In contrast, Indraprastha Gas fell 9.5% to a fresh 52-week low. The available reporting does not explain the IGL move.