India's Updater Services slides to record low after quarterly profit drop

Updater Services

10/11/2025 09:00

Nov 10 (Reuters) - ** Shares of Updater Services UPDA.NS fall as much as 5% to record low of 191.23 rupees

** Business support and facilities management firm posted a nearly 25% drop in Q2 consolidated net profit on Nov. 5

** UPDA down 16.5% since results

** Investec terms results "disappointing", cuts PT to 375 rupees from 410 rupees, citing likely continuation of headwinds

** However, reiterates "buy" rating citing favourable risk-reward and valuation comfort after recent decline

** UPDA down 47% in 2025 so far; stock listed on October 4, 2023 at 300 rupees

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))