India's Mishra Dhatu Nigam slumps on Q3 profit drop

Mishra Dhatu Nigam

12/02/2024 07:44

** Shares of Mishra Dhatu Nigam  MISR.NS  down 10.3% at
412.35 rupees
    ** Stock set for worst day since March 23, 2020, if current
losses hold
    ** Alloy metal maker's Q3 consol profit fell 67.6% YoY
    ** Stock closed 5.2% lower on Friday ahead of results
    ** Steelmakers JSW Steel  JSTL.NS , Jindal Steel  JNSP.NS 
posted higher Q3 profits and Tata Steel  TISC.NS  posted a
profit vs a year-earlier loss

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))