India's AIA Engineering falls most over 3 years in after Q3 profit drop

AIA Engineering

07/02/2024 09:13

** Shares of AIA Engineering  AIAE.NS  fall as much as 6.1%
to 4,152.10 rupees; last down 5.1% 
    ** AIAE posts steepest intraday fall since late Jan. 2021
    ** Chrome mill castings maker posts 20.5% drop in Dec-qtr
consol net profit
    ** Trading volume 1.3x the 30-day moving average
    ** Stock trading ~5% below its median PT of 3983.50 rupees -
LSEG
    ** Avg rating of 14 analysts on AIAE at "buy" - LSEG data
    ** Stock more than doubled in value in 2023, marking its
fourth straight year of gain
    

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