India's Ador Welding slides 12% on Q3 profit drop

Ador Welding

02/02/2024 08:07

** Shares of Ador Welding  ADOR.NS  fall as much as 11.9% to
1,454.75 rupees; last down 8.3%
    ** ADOR posts steepest intraday drop since Aug 2023
    ** Welding products maker reported a ~16% YoY fall in its
Dec-qtr net profit 
    ** Stock on track for second straight week of decline
    ** Trading volume nearly 4x the 30-day moving average
    ** ADOR rose ~78% in 2023, its third straight year of gain
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))