India's Ador Welding drops on Q2 profit fall

Ador Welding

07/11/2022 07:26

** Shares of Ador Welding Ltd  ADOR.NS  fall as much as 4%
to 854.95 rupees, their biggest intraday pct loss since Oct 3
    ** The welding products manufacturer on Friday posted a
31.8% fall in quarterly profit of 99.8 mln rupees ($1.21 mln)
while revenue from operations rose 15.6%  urn:newsml:reuters.com:*:nFWN3206IJ
    ** About 19,500 shares change hands vs 30-day avg of 20,031
shares
    ** Stock up 25.6% this year, as of last close
     ($1 = 82.2130 Indian rupees)
 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com;))