India's ICRA falls most in 2-1/2 yrs on Q2 profit slide

ICRA

23/10/2023 08:16

** Shares of ICRA Ltd  ICRA.NS  fall as much as 6.7% to
5,239.1 rupees, steepest intraday decline since April 12, 2021
    ** The investment information and credit rating agency
reported on Friday its second-qtr consolidated net profit fell
13.5% to 317.7 mln rupees ($3.82 million)
    ** Co hurt by fall in rev from its consulting services
segment, expenses surged during the qtr
    ** More than 7,957 shares change hands by 12:35 p.m. IST vs
1.8x 30-day avg of 4,452 shares
    ** Stock currently down 6% trimming YTD gains to 18%



($1 = 83.1525 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))