India's Bhansali Engineering Polymers drops on Q2 profit fall

Bhansali Engineering Polymers

22/10/2024 09:50

** Shares of Bhansali Engineering Polymers Ltd  BHAN.NS 
fall as much as 7.2% to 138.41 rupees
    ** Engineering thermoplastics maker reported a 3.9% y/y fall
in consol Q2 profit, total expenses rose 22%
    ** Stock on track to fall for second straight month
    ** More than 2 mln shares traded as of 2:17 p.m. IST, vs
their 30-day moving avg of more than 1.6 mln shares
    ** BHAN last down 5.5%; has gained ~40% YTD so far

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))