India's Orient Electric drops after Q1 profit fall

Orient Electric

01/08/2024 11:00

** Shares of India's Orient Electric  ONTE.NS  fall 2% to
285 rupees, set to snap four straight sessions of gains 
    ** Home appliances maker co posted 27% profit fall y/y in
Q1, rev grew by 7% 
    ** Co, on an average, rated "buy" with median TP 250 rupees
- LSEG data
    ** Day's fall trims YTD gains to ~26% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))