India's Isgec Heavy Engineering slumps on Q4 profit fall

Isgec Heavy Engineering

30/05/2024 07:16

** Shares of Isgec Heavy Engineering  ISGE.NS  down as much
as 13.3% - its biggest intraday pct fall ever - at 1,018.30
rupees
    ** Co reported 17.2% Y/Y fall in its March-qtr consolidated
net profit to 713 mln rupees ($8.6 mln)
    ** Revenue from operations fell 8.6% Y/Y
    ** Stock on track for a third straight session of gains, if
current trend holds
    ** More than 484,000 shares traded by 11:40 a.m. IST, 3.7x
the 30-day avg
    ** Including session's move, stock is up 4% YTD 
    


($1 = 83.4175 Indian rupees)

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