RML

** Shares of Rane (Madras) Ltd RAMD.NS rise as much as 9.7% to 948 rupees

** Co, which makes steering and suspension products, sells 3.48 acres of land in Velachery to Canopy Living LLP for 3.61 bln rupees ($42.2 mln)

** Sale value is nearly a sixth of co's market cap; says, land monetization to help reduce debt

** More than 217,000 shares traded as of 2:22 p.m. IST, 5.4x their 30-day moving avg

** RAMD last up 5.7%, adding to YTD gains of 0.4%

($1 = 85.4810 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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March 25 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• RANE (MADRAS) LTD - NCLT SANCTIONS SCHEME OF RANE ENGINE VALVE, RANE BRAKE LINING WITH, INTO CO

Source text: ID:nBSE5Ssxd9

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** Shares of India's Rane (Madras) RAMD.NS drop 6% to 951 rupees

** Co reported consol loss after tax of 7 mln rupees ($83,285.74) in Q2 vs yr ago profit

** Auto parts supplier's total rev fell 13.3% y/y

** Trading vols 43,710 shares vs 30-day avg of 14,850 shares

** YTD stock had risen 16%

($1 = 84.0480 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Rane (Madras) Ltd RAMD.NS rise as much as 15.3% to 960 rupees

** Steering gears maker posted a Q1 consol profit of 34.1 mln rupees ($407,443) from a loss year ago

** Q1 total expenses fell 13% y/y; there was an exceptional expense on provision for one-time warranty costs in the year ago qtr

** More than 127,000 shares traded as of 1:40 p.m. IST, 4.9x times 30-day moving avg, busiest day since July 1

** RAMD last up 7.3%, adding to YTD gains of ~9.2% so far

($1 = 83.6927 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

May 9 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• RANE (MADRAS) LTD MARCH-QUARTER CONSOL LOSS 93.7 MILLION RUPEES VERSUS PROFIT 95.4 MILLION RUPEES

• RANE (MADRAS) LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.18 BILLION RUPEES VERSUS 6.22 BILLION RUPEES

Source text for Eikon: [ID:]

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** Shares of Rane Madras RAMD.NS down 7% at 764.95 rupees

** Steering and suspension products maker's Dec-qtr consolidated profit falls 64%, revenue from operations declines 10.7%

** Co says despite strong order book, continue to face demand challenges on domestic segments

** More than 46,000 shares change hands, 2.6x 30-day average volume

** Stock down 6.7% YTD, after a 99.3% climb in 2023

(Reporting by Rama Venkat in Bengaluru)

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Jan 25 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• RANE (MADRAS) LTD DEC-QUARTER CONSOL PROFIT 90.9 MILLION RUPEES VERSUS 237.1 MILLION RUPEES

• RANE (MADRAS) LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.21 BILLION RUPEES VERSUS 5.83 BILLION RUPEES

Source text for Eikon: ID:nNSE3kwmpH

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Oct 30 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• INDIA'S RANE (MADRAS) SEPT-QUARTER CONSOL PROFIT 177.7 MILLION RUPEES VERSUS PROFIT 1 MILLION RUPEES

• RANE (MADRAS) SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 6.11 BILLION RUPEES VERSUS 6 BILLION RUPEES

Source text for Eikon: ID:nBSE21ZgFc

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Sept 28 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• APPROVED SETTING UP OF WHOLLY OWNED UNIT IN MEXICO

• UNIT WILL ESTABLISH A GREENFIELD MANUFACTURING FACILITY TO MANUFACTURE STEERING AND LINKAGE AUTO COMPONENTS

Source text for Eikon: ID:nBSEbDPkkG

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Aug 28 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• RANE (MADRAS) LTD - APPROVED DIVESTMENT BY WAY OF STOCK SALE OF ENTIRE STAKE IN RANE LIGHT METAL CASTING INC., USA

Source text for Eikon: ID:nNSE67BcKb

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July 26 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• MAJOR CUSTOMER HAS ANNOUNCED RECALL OF CERTAIN VEHICLES

• RECALL FOR POSSIBLE DEFECT SUSPECTED IN A PART OF STEERING TIE ROD SUPPLIED BY COMPANY

• EXCEPTIONAL ITEM FOR QUARTER ENDED JUNE 30, 2023 INCLUDES A PROVISION TOWARDS ONE TIME WARRANTY RELATED COSTS

Source text for Eikon: ID:nBSE7PY1cj

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** Shares of Rane (Madras) Ltd RAMD.NS surged as much as 17.65% to 573.60 rupees, highest in over four years since Sept. 27, 2018

** Uptick after the steering gear and suspension linkage products maker decides to explore options for divestment of its U.S. unit Rane Light Metal Casting nFWN37E0EB

** Rane Light Metal is engaged in manufacturing high pressure aluminium die casting for automotive and other industrial applications

** Stock most active in 16 months, with a trading volume of 560,007 shares as of 2:19 p.m. IST, nearly nine times the 30-day avg - Refinitiv data

** The relative strength index is 78, suggesting the stock may be overbought

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 5 (Reuters) - Rane (Madras) Ltd RAMD.NS:

• INDIA'S RANE (MADRAS) MARCH-QUARTER CONSOL PROFIT 95.4 MILLION RUPEES VERSUS LOSS 25.4 MILLION RUPEES YEAR AGO

• RANE (MADRAS) MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.22 BILLION RUPEES VERSUS 5.05 BILLION RUPEES YEAR AGO

Source text for Eikon: ID:nBSE63yXzT

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