Ahluwalia Contracts India falls on Q2 profit drop

Ahluwalia Contracts (India)

18/11/2024 10:01

** Shares of Ahluwalia Contracts (India)  AHLU.NS  fall 3%
to 968 rupees, hitting their lowest level since mid-February
    ** Engineering and construction firm posted 30% drop in Q2
net profit
    ** Profit from its largest segment, contract works, dropped
nearly 24% 
    ** AHLU sees busiest day in a month, trading vols double the
30-day avg.     
    ** Stock is up 25% YTD, set for fourth straight year of
gains 

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))