India's Kirloskar Pneumatic slides on Q2 profit fall

Kirloskar Pneumatic

19/10/2023 09:42

** Shares of Kirloskar Pneumatic  KIRP.NS  down as much as
6.39% to 622.5 rupees
    ** Co on track for sharpest intraday pct loss since Aug. 31
if trend holds
    ** Engineering goods manufacturer says its Q2 profit fell
~26% YoY to 201.8 million rupees ($2.42 million)
    ** Separately, co names Ramesh Birajdar as CEO
    ** About 369,188 shares change hands as of 2:01 p.m. IST,
4.1x 30-day average 
    ** Stock up 8.5% since listing on April 26, as of last close

($1 = 83.2510 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))