India's Nelco falls on quarterly profit drop

Nelco

11/07/2024 09:11

** Shares of satellite communications firm Nelco  NELC.NS 
fall 2.2% to 881.2 rupees 
    ** Co's June-qtr consol net profit fell ~20% while total
income dipped ~6%
    ** NELC on track for third straight session of losses
    ** Stock up ~11% YTD


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))