India's Nelco falls on Q2 profit drop

Nelco

22/10/2024 05:33

** Shares of Nelco  NELC.NS  fall as much as 8.8% to 876.2
rupees, lowest since Aug. 16
    ** Communications and networking services firm posted a 28%
fall in Q2 consolidated net profit
    ** Co hurt by a 14% surge in expenses
    ** Stock up 16% so far this year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))