India's Honda India Power Products tumbles on Q2 profit slump

Honda India Power Products

18/11/2024 06:05

** Shares of Honda India Power Products  HOND.NS  fall 10%
to 3,110 rupees
    ** The portable generators manufacturer reports 73% y/y
decline in Q2 profit, revenue down 38% y/y
    ** Trading vols at 18,686, 2.1x 30-day average
    ** Relative strength index falls to 24.4, suggesting the
stock might be oversold - LSEG data
    ** HOND up ~30% YTD

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))