India's MTAR Technologies falls on Q1 profit slump

MTAR Technologies

14/08/2024 06:20

** Shares of MTAR Technologies  MTAR.NS  down 5.5% to 1,685
rupees, their lowest level since June 6
    ** Precision engineering co' Q1 consol net profit fell 78%;
rev down 16%
    ** MTAR sees sharpest fall since Aug 5, on track for fourth
straight day of loss
    ** Shares see busiest day in about 5 weeks, with more than
360,000 shares traded
    ** Stock down 23% YTD, after a 23% rise in 2023

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))