India's DCX Systems down after Q3 profit fall

DCX Systems

09/02/2024 04:49

** Shares of DCX Systems  DCXS.NS  down as much as 6.7% to
327.05 rupees
    ** Defence electronics services firm reported a near 22%
fall in Dec-qtr consolidated profit; rev from ops fell 44.3% 
    ** Stock posts biggest intraday pct loss since Dec.; on
track to mark fourth consecutive week of losses, if trends hold 
    ** More than 1.8 mln shares traded by 10:15 a.m. IST, 1.9x
their 30-day avg
    ** Stock last down 4.7%, taking YTD losses to 2.1%

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))