India's Sundaram Brake Linings plunges on qtrly profit fall

Sundaram Brake Linings

28/05/2024 08:40

** Shares of Sundaram Brake Linings  SBKL.NS  down 15% to 743.8
rupees 
    ** The auto-parts maker posted a 73% y/y fall in March-qtr
profit, rev from ops ~3% 
    ** Stock on track to log steepest one-day drop since March
2020 
    ** Eyes busiest trading session since early Feb., volumes at
8.1x the 30-day avg 
    ** Including session's losses, stock up 11% YTD 



 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))