Carraro India more than halves from IPO price after Q3 profit drop

Carraro India

10/02/2025 10:25

** Carraro India  CARD.NS  slides 19% to 351.5 rupees, more
than half of its IPO price of 704 rupees
    ** Stock loses for second straight session
    ** Auto components maker posted Q3 profit slump as rev
increase was outweighed by rise in expenses
    ** CARD down 35% since February 6 closing
    ** Around 2.2 mln shares traded, 8x the 30-day avg
    ** Co marked lacklustre debut in December, 2024

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))