India's Mishra Dhatu Nigam hits 9-week low on quarterly profit slump

Mishra Dhatu Nigam

12/08/2024 07:32

** Shares of Mishra Dhatu Nigam  MISR.NS  fall as much as
9.1% to 402.55 rupees
    ** The super alloys and special steel maker hits lowest
level in over 9 weeks
    ** MISR on Friday reported a June-qtr consolidated profit of
52.9 million rupees, falling nearly to one-third its profit
year-on-year
    ** Its total revenue from operations also fell 13% to 1.63
billion rupees  
    ** Stock last down 4.8%, cutting YTD gains to 0.8% 

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))