India's HBL Engineering set for biggest single-day fall in nearly 5 yrs on lower profit

HBL Engineering

11/02/2025 07:08

** India's HBL Engineering  HBLO.NS  slumps 15% to
eight-month low of 448.15 rupees, set for biggest pct loss in
nearly five years
    ** Stock top pct loser among Nifty 500  .NIFTY500  cos
    ** Engineering company's third-quarter net profit slips
19.2% y/y
    ** Sales from across segments down in Q3; industrial
batteries, biggest segment, posts 7.3% drop
    ** Sales from electronics segment - third-largest division -
slump 70% y/y
    ** More than 8.5 million stocks traded on Tuesday, 4x of
six-month avg
    ** Stock down 28% YTD vs 6% loss in Nifty 500 index
    

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))