Indian engineering firm KDDL plunges on Q1 profit fall
16/08/2024 07:43
** Shares of KDDL KDDL.NS slump ~8% to 3,234.25 rupees, on
track to log their worst day since early-June
** The engineering firm's June-qtr consol net profit plunged
33% y/y
** Stock eyes busiest trading day in 26 sessions, volumes 2x
the 30-day avg
** At current price, stock down ~10% this week - its biggest
weekly loss since Dec. 2023
** Stock set to snap three straight weeks of gains
(Reporting by Manvi Pant in Bengaluru)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
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Indian engineering firm KDDL plunges on Q1 profit fall