India's Kirloskar Oil Engines falls most in over 3-1/2 years on Q2 profit slide

Kirloskar Oil Engines

03/11/2023 04:28

** Shares of Kirloskar Oil Engines  KIRO.NS  fall as much as
10% to 505.7 rupees, sharpest intraday fall since March 23, 2020
    ** The engine manufacturer reported a 7% y/y fall in Q2
consolidated net profit to 779.7 mln rupees ($9.37 million)
    ** More than 700,000 shares change hands by 9:40 a.m. IST,
1.6x 30-day avg of 458,141 shares
   ** Stock trading most since Oct. 17
   ** Stock down 7.8% as of 9:40 a.m. IST, trimming YTD gains to
~61% 


($1 = 83.2400 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))