India's Precision Wires slumps on Q2 profit fall

Precision Wires India

10/11/2022 08:27

** Shares of Precision Wires Ltd  PRWR.NS  fall as much as
8.3% to 95.6 rupees, lowest since Nov. 3
    ** The company, engaged in the production and sale of
winding wires, posted a 2% fall in Sept-qtr profit to 146.6 mln
rupees ($1.79 mln)
    ** Co's revenue from operations rose nearly 2% to 7.21 bln
rupees
    ** PRWR sees biggest pct loss since June 8
    ** More than 537,064 shares change hands by 0830 GMT vs
30-day avg of 248,854 shares
    ** Stock up 44.32% YTD up to last close
($1 = 81.8280 Indian rupees)
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))