India's KSB falls after Dec-qtr profit slips

KSB

29/02/2024 08:06

** Shares of KSB Ltd  KSBL.NS  down 6.2% to 3,682.3 rupees 
    ** Power-driven pumps and industrial values manufacturer
reported a 1.8% fall in its consolidated profit to 549 mln
rupees ($6.6 mln) for the quarter ended Dec. 31 
    ** Revenue from operations rose about 15% 
    ** More than 129,000 shares change hands by 1:30 p.m. IST,
2.5x 30-day avg
    ** KSBL on track for a second consecutive week of losses, if
trend holds
    ** Stock climbed 1.1% in February; set to rise for a ninth
month in a row

($1 = 82.9350 Indian rupees)

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